Economy - Page 2


Will GDP Revision Create Another Sell-Off?

The U.S. Department of Commerce is set to come out with the gross domestic product (GDP) reading Friday morning before the market opens. This will be the final revision for ...
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Weekly Jobless Claims Holding Under 300,000

The U.S. Labor Department has released its weekly jobless claims, and we have another week of less than 300,000 in new claims. The trend is still lower, with claims rising ...
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Durable Goods Show Record Decline, Following Record Gain

Durable goods are showing a record drop for the month of August, but that is on the heels of a record gain in the month of July. August's durable goods ...
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Flash PMI and Richmond Fed Show Mixed Economic Readings

The flash Purchasing Managers Index (PMI) and the Richmond Fed released their numbers on Tuesday morning, giving off mixed economic readings. The Richmond Fed in its manufacturing report pointed to solid strength ...
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Gen Xers Tally More Income Than Their Parents, but Less Wealth

The good news for Generation X, those Americans born between 1965 and 1980, is that they have higher incomes now than their parents had at the same age. The bad ...
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As Plosser Retirement Announced, Federal Reserve Loses Hawk and Gets More Dovish

Monday morning carried news that Charles Plosser, the president and CEO of the Philadelphia Fed, announced that he will retire as of March 1, 2015. Plosser served as the 10th ...
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Chicago Fed Shows Worrying Signs for National Growth Trends

The Chicago Federal Reserve has released its Chicago Fed National Activity Index (CFNAI) for the month of August. While this report is from a regional branch, it covers the nation, ...
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Atlanta Fed Increases Inflation Expectations Slightly

The Atlanta Federal Reserve released its inflation expectations Friday. According to its most recent business inflation expectations survey, the month of September had a reading of 2.1%, compared to the ...
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Housing Patterns

Leading Indicators in August Take a Sharp Left Turn

The Conference Board released the numbers for leading economic indicators in the month of August. The reading on leading indicators was 0.2%, against a Bloomberg estimate of 0.4%. The previous, ...
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Scotland Flag

Scotland Independence Vote: It’s All Over but the Counting

The polls have been closed for about an hour in the Scottish referendum on independence. Votes are being tallied and early estimates on voter turnout are very high. According to ...
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Federal Reserve

Is the Fed Afraid of Deflation?

The Federal Reserve made its announcement for the FOMC policy meeting on Wednesday afternoon. Overall what 24/7 Wall St took away from the meeting was that the Fed plans to ...
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Philadelphia Fed Posts Huge Gains in Employment

The Philadelphia Federal Reserve released its Business Outlook Survey Thursday. Firms indicated that there was continued growth in the region’s manufacturing sector for September. The current activity index fell from ...
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Scotland Flag

Scotland Expects Record Turnout for Independence Vote

Voters in Scotland started going to the polls at 7 a.m. local time Thursday to answer a seemingly simple question: “Should Scotland be an independent country?” There is a box ...
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Weekly Jobless Claims Shatter Estimate

The U.S. Department of Labor released the numbers for weekly jobless claims Thursday morning. This week saw a huge drop in claims, almost as if it was correcting for the ...
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Monsoons Help U.S. Drought

The extreme drought in parts of the United States is being helped from an improbable source. It is what the U.S. Drought Monitor calls "monsoons." According to the experts from ...
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