Economy

donald-trump

Everything Donald Trump Tweeted Today

A round up of Donald Trump tweets from the past 24 hours, and what they may mean. The Green Party just dropped its recount suit in Pennsylvania and is losing ...
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food preparation

ISM Non-Manufacturing Posts Strongest Reading of 2016

The ISM Non-Manufacturing Index has been released for November, and we saw an explosive move higher. The Composite Index came in at 57.2. Bloomberg had a consensus estimate of 55.5, and ...
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Italy

Italy’s Economy by the Numbers

Voters in Italy on Sunday soundly rejected proposed changes to the country's constitution that supporters, including Prime Minister Matteo Renzi, said would streamline the country's legislature and make Italy more ...
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Manhatten

NY Fed’s Dudley Outlines Rate Hike Expectations and Challenges Ahead

New York Federal Reserve President William Dudley is the latest Federal Reserve member to talk up interest rates. On Monday morning, Dudley was speaking on the macroeconomic outlook at the ...
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credit cards

Odds Overwhelmingly Favor FOMC Interest Rate Hike in December

There is going to be some serious food for thought in the coming weeks. As 2016 comes to an end, there has been a substantial post-election rally around the notion ...
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Inflation Ahead

2017 Outlook: Further Evidence of Reflation to Inflation

The week of December 2 may have interrupted the trend of endless gains since the election, but what is continuing to be seen is a groundwork for those higher prices ...
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mortgage application

Boosting Your Credit Score in 5 Easy Steps

Even though mortgage rates have risen recently, they remain historically very low. A 30-year fixed rate mortgage in 1981 came with an interest rate of nearly 20%, more than four times ...
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Snowstorm

Cold Weather Next Week a Boon for Retailers

A blast of cold weather is expected to begin marching across the country next week from the Golden Gate to Cape Cod, sending temperatures down by 10 to 20 degrees ...
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Purchasing, Credit Card, Sales Tax Concept

Americans to Add $103 Billion to Personal Debt This Holiday Season

More than 245 million Americans are planning to spend a cumulative total of $181.2 billion during the 2016 holiday season. But nearly two-thirds (64%, or over 157 million people) are ...
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Cargolux 747-8F

October Air Cargo Volume Rises

Air cargo volume increased by 6.2% year over year in October, on top of a 5% increase posted in September, according to data reported Friday by WorldACD Market Data. While ...
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466159721

Negative-Yielding Sovereign Debt Outstanding Keeps Shrinking and Shrinking

Stocks have risen handily since the end of the election, but so have bond yields. Now we have close to 100% chance that there will be an interest rate hike ...
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homebuilder

New Construction Spending Posts November Gain

The U.S. Census Bureau reported Thursday morning that construction spending in October rose by 0.4% to an estimated seasonally adjusted annual rate of about $1.173 trillion, from the upwardly revised ...
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Scales of Justice

Fed Beige Book Dominated by Moderate and Modest

The Federal Reserve's Beige Book is often reported as though it is an economic report or as though it is an official Federal Reserve report. It turns out that the ...
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Money

What Steven Mnuchin in Treasury and Wilbur Ross in Commerce Mean in the Trump Economy

The election results are not even 30 days old, but President-Elect Donald Trump and his transition team already have named nominations for key cabinet positions. When it comes to the ...
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Selecting Ties

Who Really Makes Household Spending Decisions?

When asked who makes the household decisions about buying clothes and groceries and holiday gifts, women overwhelmingly say that they do. Men, however think that they have an equal role ...
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