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Alexandria Ocasio-Cortez’s favorite economic theory derided by IMF chief Christine Lagarde as no ‘panacea’
Christine Lagarde has poured cold water on the viability of an esoteric economic theory popularized by US Representative Alexandria Ocasio-Cortez.
Asian and European stocks and US futures fell on Thursday after central banks stoked growth fears and Theresa May agreed a six-month delay to Brexit.
US futures and European stocks rose ahead of the Brexit summit, ECB meeting and release of Fed minutes and inflation data.
A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a "challenge" for global oil markets.
A new survey shows that zero top US economists agreed with the basic principles of an economic theory supported by Alexandria Ocasio-Cortez
MMT is gaining traction with some economists and politicians, including Rep. Alexandria Ocasio-Cortez, but many mainstream economists reject the idea.
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The outlook for the US economy remains solid but new strains have emerged over the last year, Federal Reserve Chairman Jerome Powell said Tuesday.
US stocks set to follow Asia markets lower after report that US-China trade talks are ‘like pulling teeth’
Also weighing on sentiment: US retail sales dropped the most in a decade and President Trump plans to declare a national emergency to get wall funds.
All eyes have been on inflation following the Fed’s policy reversal last month, and the latest data suggests the central bank's approach won't change.
The Bank of England has refused to give back $1.56 billion in Venezuelan gold after countries around the world say the regime is illegitimate
The Bank of England is said to have frozen Venezuelan gold assets worth $1.56 billion in another blow to the regime of Nicolas Maduro.