Fed’s Yellen Speech Foreshadows Policy Change
Federal Reserve Vice Chairman Janet Yellen addressed the Economic Club of New York on Monday, and Steve Blitz, senior economist at ITG Investment Research, saw indications within that speech of a dual change in policy on the horizon.
Cyber Monday Shoppers to Buy in Record Numbers; Black Friday Impresses
Shoppers will hit online retail stores in record numbers this Cyber Monday after flooding the malls of America on Black Friday, according to the National Retail Federation.
GDP in Q3 Showed 2% Growth as Economy Found ‘More Traction’
The nation's gross domestic product (GDP) rose by 2% in the third quarter, compared to second-quarter growth of 1.7%, the U.S. government reported Friday.
New Home Sales Rose 6.6% in September; Durable Goods Sales Up
Economic data released Wednesday showed that in September new home sales were higher and durable goods orders also rose, but not in a way that signals long-term growth.
Weekly Jobless Claims Drift Down; Retail Sales Edged Up in September
Can it be that unemployment is looking up? According to the Department of Labor on Thursday, "the advance figure for seasonally adjusted initial claims was 445,000, a decrease of 11,000 from the prior week.
Q2 GDP Revised Up, Jobless Claims Down, Chicago PMI Upbeat
Thursday's economic data told a positive story--with GDP revised higher, jobless claims below consensus, and positive manufacturing numbers out of Chicago--but analysts say the economy has a long way to go before it will truly be in full recovery.
New Home Sales Still Dismal; Stocks Surge on Durable Goods Report
New home sales figures released Friday by the Census Bureau showed that housing had a long way to go before it joined the "expansion" and orders for durable goods fell 1.3%, but its core components rose.
Existing-Home Sales Rise 7.6% in August; LEI Edges Higher
Existing-home sales rose in August following a big correction in July, according to the National Association of Realtors (NAR), which reported a 7.6% increase.
The ‘Great Recession’ Is Over, Says Economic Research Bureau
Not only has the U.S. recession officially ended, but it ended way back in June 2009, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) announced Monday.
Retail Sales and Business Inventories Rose in September
Retail sales jumped higher in August than in the previous five months while business inventories saw their biggest rise in two years and business sales also rose after tumbling downward for two months, the U.S. Commerce Department reported Tuesday.