Economy - Page 2

Chicago

Chicago Fed Evans – Fed Still Missing Employment and Inflation Targets

Charles Evans, President and CEO of the Federal Reserve Bank of Chicago, was speaking on Wednesday afternoon regarding the Fed's monetary goals and strategy. Evans has been a known backer ...
Read Full Story »
US Federal Reserve

FOMC Minutes Less Hawkish Than Yellen Comments

The Federal Reserve has released its minutes of the FOMC's March 18 to 19 meeting. These comments should, in theory, not really move the market when you consider that the ...
Read Full Story »
145912151

Wholesale Trade Rises in February

The U.S. Census Bureau reported Wednesday morning that U.S. wholesale trade rose 0.7% in February to $436.1 billion from a downwardly revised January total and up 3.1% compared with February ...
Read Full Story »
Tax

Is the Corporate Tax Rate Really Hurting the Economy at 35%?

This is a million-dollar question, literally. Maybe even a billion-dollar question, given all the lobbying money being spent on the debate. The United States has a top corporate income tax ...
Read Full Story »
greek flag

Greek Long-Term Bond Sale: Is It Too Soon?

Greece reportedly will announce a long-term bond sale as soon as Wednesday, the first time it has had access to capital markets since March 2010. But the question to ask ...
Read Full Story »
Federal Reserve

Fed’s Kocherlakota: FOMC Missing Inflation and Employment Targets

Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, was speaking on Tuesday in a monetary policy report at the Rochester, Minnesota Chamber of Commerce. The first topic is ...
Read Full Story »
IMF HQ, DC

IMF Looks for Better 2014 to 2015 Growth

The International Monetary Fund (IMF) has released its updated 2014 to 2015 economic outlook. The good news is that the group has increased its expectations moderately. The bad news is ...
Read Full Story »
Old-fashioned Main Street

Small Business Optimism Rises

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for March rose two points from 91.4 in February to come in at 93.4. ...
Read Full Story »
Credit cards

Big Pop in Consumer Credit, but Not From Credit Card Use

The Federal Reserve has released its report on consumer credit for the month of February. In February, consumer credit increased at a seasonally adjusted annual rate of 6.5%. Revolving credit, ...
Read Full Story »
Tax

Five Big Tax Myths

April 15 is coming. That means it is tax crunch time. Everybody, short of accountants and CPAs, just loves to hate the U.S tax code. There are many myths about taxes, ...
Read Full Story »
US_Dept_of_Labor

Labor Department Has Unexpected Score on Unemployment and Payrolls

The U.S. Labor Department has issued its key unemployment and payrolls data for the month of March. With stocks at an all-time high, the trader and market participation interest was ...
Read Full Story »
481231541

New Zealand Ranks as Best Place to Live

New Zealand ranked in first place in a new survey of 132 nations, based on measurements that include fulfillment of needs and basic quality of life. The research, called the ...
Read Full Story »
cargo ship

Does a Wider Trade Deficit Even Matter?

The trade balance has begun to matter again. After all, lower energy imports and higher energy exports have been a game changer in America. That being said, should we be ...
Read Full Story »
piggy bank

The Most Expensive Real Estate Market in America

If real estate data are to be believed, the housing market has recovered so rapidly and so robustly that some markets have regained the record levels of 2005 and 2006. ...
Read Full Story »
piggy bank

Half of Americans Would Not Last a Month on Savings

Nearly half of all U.S. consumers lack confidence in or an understanding of their personal finances, and 48% do not have enough savings to last more than a month if ...
Read Full Story »