Economy

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Business Survey Suggests Bullish Outlook

Samuel Johnson once said that second marriages demonstrate the triumph of hope over experience. Similarly, a recent survey of business economists concluded that the slow pace of first-quarter growth is unlikely ...
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Consumer Sentiment and Leading Indicators Point Higher

Friday's markets have been roiled by overseas news out of China and with fears about Greece leaving or being booted out of the eurozone. Now two economic reports in the ...
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Fed Beige Book Highlights Job Losses in the Oil Patch

U.S. economic activity expanded or remained steady in all 12 Federal Reserve districts, according to the latest version of the Beige Book released Wednesday afternoon. Eight Fed districts characterized growth ...
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Athens

Greek Sovereign Debt Downgraded at S&P

Ratings service Standard & Poor’s has downgraded its long-term and short-term sovereign credit ratings on Greece from B-/B to CCC+/C. The ratings have been removed from CreditWatch, but the outlook ...
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Industrial Production and Capacity Utilization a Bad Omen for US GDP

The Federal Reserve has released its industrial production report for the month of March, and the figures are weak enough that they may act as a drag against some of ...
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Inflation

Economic Conundrum: Weak Inflation vs. Slow Retail Sales

What are economists and investors supposed to think of a trend in which inflation remains low, yet consumers just do not really want to buy more and more goods that ...
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Workers Seeking $15 Hourly Wage Set Strikes in 230 Cities

The strikes and protests that began more than two years ago among workers at fast-food restaurants has expanded its scope, seeking to include low-wage workers in many fields to join ...
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China Growth Slows, Drags Down Asia

Whether it is purchasing managers index (PMI) statistics or imports and exports, more and more signs point to a tapering of China's growth. Even the central government has moved its ...
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GDP graphic

US to Be Largest Economy in 2030

At an estimated total of $24.8 trillion, the United States will remain the world’s largest economy in 2030, but China is closing the gap between first and second place. More ...
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FOMC Minutes Mixed on Timing of Rate Hikes and Economic Strength

The markets had been awaiting that minutes of the March 18 FOMC meeting. Now we have them. The real issue was getting to the bottom of how and why the ...
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global economy

A Worldwide Period of Low Growth Ahead — IMF

International Monetary Fund (IMF) experts have issued a report that forecasts low worldwide economic growth for several years ahead. Most of the reasons for this are not easily solved, if ...
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US Job Openings Hit 14-Year High: Almost Double the Long-Term Unemployed

The U.S. Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover Survey for the month of February on Tuesday morning. While the look after the report may ...
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Greece Wants 279 Billion Euros From Germany for WWII Reparations

Greece means to pay its debts in any way possible. At least that could be the conclusion of Greeks pushing for €279 billion in reparations from Germany for actions during ...
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Parts of Oklahoma, Texas Added to Hard-Hit Drought Areas

The four-year drought that plagues California has spread to western Oklahoma and the panhandle of Texas, as unseasonably high temperatures and gusty winds have raised the drought ranking from moderate ...
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GDP graphic

US Growth Forecast Chopped to Zero

The Federal Reserve Bank of Atlanta has reported that its forecast for U.S. gross domestic product (GDP) growth dropped to zero on April 1 and ticked back up to 0.1% ...
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