Economy

shopping

American Consumer Spending Continues to Falter

The consumer may have returned to malls and retail stores, but he remains wary about what he believes he can spend. Based on the portion of gross domestic product (GDP) ...
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Inflation

June CPI Shows Inflation Has Arrived — Or Has It?

The U.S. Labor Department gave us the formal inflation reading for the month of June on Tuesday morning. Most investors are more concerned about major earnings reports and economic recovery ...
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Smokestacks

GDP Watch: National Growth Decelerated in June

After a 2.9% drop in gross domestic product (GDP) in the first quarter of 2014, all eyes have been on June economic readings. After all, June marks the end of ...
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Education

Will ‘Back to School Spending’ Hurt Holiday Retail Sales?

As the economy recovers slowly, among the most critical questions about GDP recovery is how much money Americans actually have to spend for more than essentials. High energy and food ...
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Last Week of Weather Makes California Drought Worse

The most recent report on the national drought conditions from the U.S. Drought Monitor: As of July 15: During the past 7-days, a series of slow-moving cold fronts traversed the ...
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car_production_line

Economic Recovery Watch: Capacity Utilization’s Weaker Reality

24/7 Wall St. covers many economic readings throughout each week, month and year. Many economic reports are trumped up in their value by the financial media and by short-term traders, ...
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Labor Department Brings Great News on Jobless Claims

The U.S. Labor Department is out with its tally on weekly jobless claims, and the verdict is that it was great news. While other information is out that was not ...
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Federal Reserve Beige Book Indicates Growth Trajectory Nationwide

The Federal Reserve has released its latest installment of the so-called Beige Book. The Fed is getting yet another chance to move the market with data that should have already ...
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factory

Industrial Production Softening, Capacity Galore

Wednesday's economic reporting included industrial production and capacity utilization data for the month of June. It turns out that production was muted, and capacity remains defiantly under that key 80% ...
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Inflation

Labor Department Shows Inflation Uptick in Producer Prices

The U.S. Labor Department released its Producer Price Index (PPI) for final demand for the month of June on Wednesday morning. We were worried that wholesale inflation would be stronger ...
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Inflation

Why Producer Prices Could Show Inflationary Pressures

On Wednesday morning the markets will have to deal with yet another reading on inflation -- albeit at the wholesale level. The US Labor Department will report its reading for ...
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cargo ship

No Inflation Seen in Import and Export Prices

Inflation in international trade will be nothing to scare the Federal Reserve into a major inflationary panic. June's import and export prices were more than just tame. Export prices were ...
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Yellen Testimony Signals Accommodative Policy and Low Rates to Continue

Fed Chair Janet Yellen is delivering her semiannual Monetary Policy Report in front of Congress on Tuesday. The testimony is before the Committee on Banking, Housing and Urban Affairs of ...
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Another Disappointing Retail Sales Number at Quarter-End

June turned out to not be a great month for retail sales. The Census Bureau reported that advance monthly sales for retail and food services rose by only 0.2% to ...
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Why Beef Prices Will Rise Again, Despite Recent Slide

The U.S. Department of Agriculture (USDA) released its monthly World Agricultural Supply and Demand Estimates (WASDE) at noon Friday offering the agency’s latest estimates for U.S. and global crop supply ...
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