The US budget deficit for fiscal 2019 increased to almost $1.07 trillion in August, the highest amount in seven years, as revenue fell short of expenses by more than $214 billion, according to the Treasury Department.
A majority of economists say a significant increase in US core consumer prices last month is unlikely to keep the Federal Reserve from reducing interest rates next week, but it could make further cuts before year-end less likely, a Reuters survey finds. "The Fed will still cut rates next week to provide added insurance in the event that the trade war escalates, but it might think twice about moving again in October if core inflation shows any further spark," BMO Capital Markets economist Sal Guatieri says.
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Some hiring executives -- tired of interview pretense -- have used unorthodox methods to determine a candidate's potential, such as playing table tennis to discern their level of intensity and risk-taking, writes Jared Lindzon. One executive has people drive his car to gauge their multitasking skills, while another prompts more honest conversations by explaining why people shouldn't work for him.