Economy

Manufacturing Recovery Continues in Texas Region

Manufacturing continues to recover in the Texas region. The Federal Reserve Bank of Dallas gave its Texas manufacturing outlook survey for the month of March, showing that manufacturing activity strengthened ...
Read Full Story »

Nearly 20% of Americans Think Global Warming Is Exaggerated

Almost 20% of Americans think news about global warming is exaggerated. They also don't have much concern about climate change. Research on opinions on the environment shows that a huge ...
Read Full Story »

Easter Spending Expected to Reach $18 Billion

Although its lags behind the big year-end holidays, Easter is a boom time for many retailers. Consumers will spend $18.4 billion on Easter this year, up 6% to an all-time ...
Read Full Story »

Kickstarting America’s Stalled Productivity Growth

In each of the past three years, U.S. productivity has risen less than 1%. Productivity is a measure of the amount of output the economy generated for an hour of ...
Read Full Story »

Chicago Fed Shows Continued National Economic Trends in February

If you were expecting a federal funds rate hike from the Federal Reserve, you have likely noticed that economic data from the past 60 days has been stronger and stronger. ...
Read Full Story »

Who Is Getting the Best Pay Raises?

The highest-paid CEO last year was Thomas Rutledge of Charter Communications. He received total compensation of $98.6 million. Rutledge's pay was presumably based on Charter's return to shareholders, which came ...
Read Full Story »

How Much Does Germany, Second Largest Financial Supporter of NATO, Owe?

Germany is supposed to be the second largest contributor of funds to NATO, after the United States. However, the rule books about how NATO is governed and funded are immensely ...
Read Full Story »

58% of Millennials, Nearly Half of All Student Borrowers Have Missed a Payment

Some 44 million Americans have student loan debt, totaling more than $1.4 trillion. That represents more than 37% of all consumer credit outstanding at the end of December and about ...
Read Full Story »

St. Patrick’s Day in 2017 to Set Record for Economic Impact

It is St. Patrick's Day in 2017. While many of us will be out celebrating at some point on Friday, St. Patrick's Day actually makes for a significant economic contribution. ...
Read Full Story »

Why the Yellen and Fed Rate Hikes Are Favorable — With More Hikes to Come!

If you were under the belief that the underlying economy was not yet strong enough to support an interest rate hike, note that the Federal Reserve has raised interest rates. ...
Read Full Story »

Pace of Wage Growth Quickens as Minimum Wage Rises

In 2016, 17 states and the District of Columbia raised state-mandated minimum wages. In those states, total wage growth for workers in the 10th (lowest) percentile of the population rose ...
Read Full Story »

How a Fed Interest Rate Hike Affects Your Savings Account

With interest rates so low for so long — 0.01% typically — stashing money in a savings account has seemed little better than putting it under your mattress. That situation ...
Read Full Story »

Business Roundtable CEOs Express Pessimism on GDP

The first-quarter survey of chief executive officers who are members of the Business Roundtable showed pessimism about U.S. gross domestic product growth for 2017. The Business Roundtable CEO Economic Outlook Index included ...
Read Full Story »

American CEO Confidence Hits Multiyear High

U.S. chief executives are more positive about the country's economic outlook than they have been since the fourth quarter of 2009. The Business Roundtable CEO Economic Outlook Index rose from ...
Read Full Story »

Producer Prices Keep Higher Inflation Theme Alive in February

At odds is just how much a federal funds rate hike is priced into the market. Tuesday's economic reports included the Producer Price Index (PPI). This is a measurement of wholesale ...
Read Full Story »