Consumer Sentiment Now Better in Lower Incomes vs. Higher Incomes

It was just this week that 24/7 Wall St. pointed out that Consumer Confidence from the Conference Board did not match up with the preliminary report from the University of ...
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Mixed View on Personal Income & Spending vs. Rate Hike Expectations

If you read all the reports about weak retail spending, you might wonder how all those dollars saved on gasoline are ending up in the economy. Now add in continually strong ...
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jobless claims

Weekly Jobless Claims Setting Up For Strong Employment and Payrolls

Something just feels odd about the jobs market these days. The concerns of a serious slowing in new jobs seemed to have abated, but the Consumer Confidence had a serious ...
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Chemical plant

Durable Goods Look Quite Durable for October

Each report on Durable Goods feels like a bit of a wild card. After all, things like cars and planes and a whole host of other big-ticket capital goods are ...
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road fork sign

When Consumer Confidence and Consumer Sentiment Do Not Match Up

When economists and the public go after the same sort of economic data and come up with entirely different views, it generally means that someone has to be very wrong. ...
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Gross domestic product

Positive Revision for Third Quarter GDP

The United States got some good news for the economic yardstick measurement for growth. Gross Domestic Product (GDP) was revised higher for the third quarter. The Department of Commerce and ...
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gear set

Markit’s Flash PMI Hits More Than 2-Year Low in November

Monday brought a mixed view of economic data. First seen was the Chicago Fed National Activity Index improving, but still barely negative in October. Now the Markit Flash U.S. Manufacturing ...
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Chicago Fed Shows National Activity Ticked Up In October, But Still Negative

The Chicago Fed National Activity Index (CFNAI) is a national report that is put together by a regional Federal Reserve branch, so it does have a broader merit than some ...
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Texas Capitol

Texas Keeps Adding Jobs, but Not in Oil and Manufacturing

The Texas Workforce Commission (TWC) has released some individual state data on jobs in the state. While Texas continues to add jobs, and while the unemployment rate is far better ...
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percentage button

Atlanta Fed Lockhart Outlines Interest Rate Hike Expectations and Trajectory

Atlanta Federal Reserve President and CEO Dennis Lockhart was speaking to the DeKalb Chamber of Commerce in Atlanta on Thursday. Included in his speech were views the economic picture now ...
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Five dollar bill

How Spending Habits Really Change After Retirement

One of the biggest issues that younger, middle-aged and older workers have to consider is something that nowhere close to enough workers really give enough thought to: what really happens ...
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US Economy to Grow at Fastest Pace in 10 Years

Despite the increased volatility and uncertainty seen in the markets in 2015, the United States is actually on track to do something it hasn’t done in a decade. According to ...
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Metal Pipe

Philadelphia Fed Posts First Gain in 3 Months

The Federal Reserve Bank of Philadelphia reported that manufacturing conditions in its regional district showed slight improvement in its monthly survey for November. Thursday's report was the Manufacturing Business Outlook ...
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China Consumer Spending to Reach $6.4 Trillion in 2025

China's consumer economy will reach $6.4 trillion within a decade, according to a report from the Demand Institute. The portion of gross domestic product (GDP) this will represent is still ...
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U.S. Federal Reserve

FOMC Minutes Appears Set for December Rate Hike

The Federal Reserve on Wednesday afternoon released the minutes of the October 2015 meeting of its Federal Open Market Committee (FOMC). The big news may be that the committee has ...
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