Economy

Consumer Inflation Not Following Wholesale Inflation Above Fed’s Target Range

It was just on Tuesday that the markets had to deal with a hot inflationary number that was stronger than what had been seen in several years. The U.S. Department ...
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October Retail Sales Up on Strong Car Sales

U.S. consumer spending increased by 0.2% year over year in October and by 4.6% above a revised September increase of 1.9% (up from 1.6%). The U.S. Census Bureau released its ...
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The Number of Global Millionaires Keeps Growing, but Millennials May Be Left Behind

Maybe there is never a bad time to be a millionaire. And there are now more millionaires than ever, according to the Credit Suisse 2017 Global Wealth Report. In the ...
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Pay Raises Scarce Last Year

If you have received a pay raise in the past 12 months, you're one of the lucky ones. More than half (52%) of U.S. workers got no salary increase in ...
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Wholesale Inflation Rises Above Fed’s Inflation Target

The U.S. Federal Reserve has had a 2.0% to 2.5% target range on inflation for years now. Unfortunately, that target has been rather elusive until recently. Now, almost all ...
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Small Business Optimism Runs Into Risks on Hiring New Employees

The National Federation of Independent Business (NFIB) has released its October Small Business Optimism Index, showing that optimism remained at lofty levels. In fact, the index rose to 103.8 from ...
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Why the Fed’s Inflation Targets Finally Look Reasonable and Present

The week of November 13 to 17 may not quite be a barn-burning week for major economic releases that can move the markets, but investors, economists and consumers are going to get to see ...
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North Korea: Country and Military by the Numbers

President Donald Trump arrived in Seoul, South Korea, at midday Tuesday local time, the second stop on a 12-day trip that began with a visit to Japan and will next ...
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Americans’ Biggest Worry? Cybercrime

So far in 2017, more than 172 million U.S. consumer records have been exposed. Given the active market for consumer records on the dark web, it's a fair bet that ...
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Saudi Arabia’s Economy by the Numbers

According to the World Bank's most recent listing, the Kingdom of Saudi Arabia was the world's 20th largest economy in 2016 with a gross domestic product (GDP) of $646.4 billion. ...
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Labor Costs and Productivity Look Like a Win-Win for the Economy

After a long period of stagnation, the measure for worker productivity is back on the up. The measurements and effects behind productivity can be complicated in many readings, but the ...
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46.5% of College Dropouts in Default

About 60% of all college graduates complete their bachelor degree programs, with an average student loan debt of $16,723. The average college dropout owes nearly as much — $13,930 — ...
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Janet Yellen Continues Moving to Reduce the Federal Reserve’s $4.5 Trillion Balance Sheet

Any time there is a Federal Reserve meeting investors pay attention. After all, the Federal Open Market Committee is the body inside the Fed which can determine whether or not ...
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New Construction Spending Modestly Higher in September

The U.S. Census Bureau reported Wednesday morning that construction spending in September rose by 0.3% to an estimated seasonally adjusted annual rate of about $1.2195 trillion, above the upwardly revised ...
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Manufacturing Growth Ticked Lower in October, but Still Robust

The Institute for Supply Management (ISM) has released its reading on manufacturing activity in October. While it is slightly lower than the prior reading, the reality is that it was ...
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