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Fed says household income, wealth, debt stress increased from 2022 to 2025

Fed says household income, wealth, debt stress increased from 2022 to 2025

By Howard Schneider WASHINGTON, Oct 9 (Reuters) - The exit from the COVID-19 pandemic raised incomes and wealth for most US families, with income gains concentrated among the less well off but more wealth flowing to the top 10%, a new Federal Reserve survey covering the 2022-2025 period showed.
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US weekly jobless claims fall as layoffs remain low

US weekly jobless claims fall as layoffs remain low

WASHINGTON, Oct 8 (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite job growth slowing sharply in September.
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US jobless claims hover near 57-year low for fourth consecutive week

US jobless claims hover near 57-year low for fourth consecutive week

By Lucia Mutikani WASHINGTON, Oct 8 (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite a sharp slowdown in job growth in September.
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US consumer sentiment near record low as frustration over economy mounts

US consumer sentiment near record low as frustration over economy mounts

By Lucia Mutikani WASHINGTON, Oct 9 (Reuters) - US consumer sentiment slumped further in early October as the rising cost of living because of the Middle East conflict soured households' views of the economy, more bad news for President Donald Trump ahead of the November 3 midterm elections.
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US August wholesale inventories revised lower

US August wholesale inventories revised lower

WASHINGTON, Oct 8 (Reuters) - US wholesale inventories increased less than initially thought in August as strong demand boosted sales, government data showed on Thursday. Stocks at wholesalers rose by a downwardly revised 0.5%, the Commerce Department's Census Bureau said.
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Americans Aged 55 and Over Hold $140 Trillion in Wealth, Dominating U.S. Net Worth

Americans Aged 55 and Over Hold $140 Trillion in Wealth, Dominating U.S. Net Worth

Americans Aged 55 and Over Hold $140 Trillion in Wealth, Dominating U.S. Net Worth
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Bipartisan majority of Americans blame Trump policies for rising costs, Reuters/Ipsos poll finds

Bipartisan majority of Americans blame Trump policies for rising costs, Reuters/Ipsos poll finds

By Howard Schneider, Ann Saphir and Jason Lange WASHINGTON, Oct 9 (Reuters) - Some 78% of Americans blame President Donald Trump's policies for rising prices that are outpacing their earnings, according to a Reuters/Ipsos poll that found majorities of Republicans and Democrats citing the cost of
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Fed's Musalem says tighter monetary policy needed to lower inflation

Fed's Musalem says tighter monetary policy needed to lower inflation

By Michael S. Derby NEW YORK, Oct 8 (Reuters) - St.
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Port of Los Angeles sets September volume record, executive director says

Port of Los Angeles sets September volume record, executive director says

By Lisa Baertlein LOS ANGELES, Oct 9 (Reuters) - The Port of Los Angeles, the busiest in the US for containers, set a volume record in September as holiday goods hit docks, ships were routed away from the drought-stricken Panama Canal and importers picked the shortest route from China to reduce use
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Shares slip as oil jumps and bond yields stay high

Shares slip as oil jumps and bond yields stay high

By Lawrence Delevingne, Marc Jones and Wayne Cole BOSTON/LONDON/SYDNEY, Oct 8 (Reuters) - Global shares slid on Thursday as a mild pullback in sovereign bond yields was countered by a jump in oil prices and indicators of the massive debt that technology companies may need to sustain their dramatic
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Trump to issue directive on diesel, sources say, after he promises 'big announcement'

Trump to issue directive on diesel, sources say, after he promises 'big announcement'

By Jarrett Renshaw and Bo Erickson WASHINGTON, Oct 9 (Reuters) - US President Donald Trump said on Friday there would be "big news" on diesel, as prices of the fuel used in agriculture, heating homes and trucking goods are near record highs ahead of November 3 congressional elections that will
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Trump says Russia to supply diesel to US and global market

Trump says Russia to supply diesel to US and global market

By Bo Erickson and Jarrett Renshaw WASHINGTON, Oct 9 (Reuters) - President Donald Trump said on Friday that Russia had agreed to immediately supply more than 300,000 tons of diesel to the US and global marketplace in an effort aimed at cutting prices for the fuel ahead of the November midterm