Economy

Perhaps Markets and Investors Should Be Cheering S&P Downgrade of China

When investors hear that one of the world's top credit ratings agencies has issued a sovereign downgrade of one of the world's biggest nations, it tends to bring more than ...
Read Full Story »

Maria Moves on to Dominican Republic After Destroying Puerto Rico

Hurricane Maria is moving on to the Dominican Republic after unleashing a torrent of wind and rain on the beleaguered island of Puerto Rico, which is still reeling from the ...
Read Full Story »

Forget the Fed Rate Hikes — It’s All About Shrinking the $4.5 Trillion Balance Sheet

Forget about being too nervous about the Federal Reserve hiking interest rates. In the September FOMC meeting, Janet Yellen and the FOMC have indicated that most Fed governors are expecting ...
Read Full Story »

How Investors and Economists Should View the Fed’s $4.5 Trillion Balance Sheet Reduction

Wednesday, September 20, 2017, will mark the Federal Reserve's September Federal Open Market Committee (FOMC) meeting announcement. The announcement also will include forecasts by the Federal Reserve, and more importantly it should ...
Read Full Story »

Maria Lands in Puerto Rico as Category 4 Hurricane, Takes Aim at Dominican Republic

Hurricane Maria, the latest in a parade of destructive storms, made landfall Wednesday morning as a strong Category 4 storm in southeastern Puerto Rico, the National Hurricane Center said. At ...
Read Full Story »

Hurricane Irma Property Damage Estimated at Up to $65 Billion

The total insured and uninsured loss for residential and commercial properties, including damage from flood and wind, from Hurricane Irma is estimated to be as much as $65 billion, according ...
Read Full Story »

FOMC Target Inflation Rate Shows Up in Import & Export Prices

When it comes to inflation, the U.S. Federal Reserve has had a hard time seeing prices rise in its 2.0% to 2.5% target range. Though consumer prices and producer prices ...
Read Full Story »

Many Workers Will Get Tiny Raises in 2018

Despite an improved economy, new research shows most workers will not get an improvement in pay. To some extent, the move is a hangover from the Great Recession, when companies ...
Read Full Story »

Hurricane Maria Looms in Caribbean as Busy Hurricane Season Grinds On

Hurricane Maria is stalking the same Caribbean islands that were ravaged by Irma earlier this month, as the tempest looks to put its stamp on the 2017 hurricane season, among ...
Read Full Story »

Nearly Half of Americans Plan to Make Substantial Purchase This Year

Nearly half of Americans say they are very likely to make a considerable purchase — an airline ticket, furniture, a computer, a smartphone, a computer or home appliance — before ...
Read Full Story »

Interior Secretary Endorses Shrinking 6 National Monuments

Interior Secretary Ryan Zinke is recommending that six of 27 national monuments under review by the Trump administration be reduced in size and proposes changes to several others. A leaked ...
Read Full Story »

How 2 Hurricanes Are Wrecking GDP Growth Hopes

The current administration wants U.S. gross domestic product (GDP) to be at least 3%. It feels like it has been ages since that sort of growth was seen. Now we've ...
Read Full Story »

August Retail Sales Sink on Weak Auto Sales

U.S. consumer spending dipped by 0.21% in August, the largest drop of any month so far this year, according to Friday morning's report from the U.S. Census Bureau on estimated ...
Read Full Story »

North Korea: Country and Military by the Numbers

The government of North Korea launched a ballistic missile Thursday evening that flew over the Japanese island of Hokkaido before falling into the ocean. This is the second such North ...
Read Full Story »

Are Western US Wildfires Really Worse This Year?

Over the past 10 years in the state of Montana, summer wildfires have burned an average of about 317,000 acres a year. So far this year more than 880,000 acres ...
Read Full Story »