Fed Likely Punting Rate Hike Till Later as Growth Cools
Fed expects a rebound from “transitory factors” hampering GDP in Q1.
China: U.S. Trade Bill Violates Law
A bill targeting Chinese imports that is waiting for President Barack Obama's signature violates international law, according to the Chinese commerce minister.
Americans Raiding Savings, Retirement Accounts
In a move that may be a bad sign for the economy, Americans are spending more, and raiding their savings, college and retirement accounts to do so even as they take on more credit card debt.
U.S. Consumer—the Economy’s Engine—Chugs Along at Snail’s Pace
The U.S. Commerce Department reported flat retail sales in December, but the lackluster news may mask more positive news on the critical consumer front of the economy.
Retail Sales Rose in October Ahead of Holiday Shopping
Even before consumers begin their holiday shopping in earnest, U.S. retail sales in October posted their biggest increase in seven months, though the lion's share of that gain was in auto sales.
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.
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.
Housing Starts Rose a Surprisingly High 10.5% in August
The U.S. housing market got a much-needed boost on Tuesday as the government's report on August housing starts rose at the unexpectedly strong rate of 10.5%, its highest level in four months.
Jobless Claims Fall Off 6,000; Factory Orders Up 0.1% on Aircraft
Unemployed workers filing jobless claims decreased by 6,000 in the last week, following a decline of 31,000 in the previous week, and continuing claims dropped 23,000, U.S. government figures released Thursday, September 2 show.
New Home Sales Plunge to Record Low; Durable Goods Up but Ailing
Sales of new single-family houses in July fell 12.4% to 276,600, the slowest pace of sales on record since 1963. July durable goods orders rose slightly, but the increase came mainly from airplane orders.