Economy - Page 2

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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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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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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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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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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digital pirate

10 States Where You Are Most (and Least) Likely to Get Hacked

For the period between 2000 and 2014, the most common U.S. consumer complaint filed with the Federal Trade Commission (FTC) was related to identity theft. Even in 2015, when complaints ...
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How Heavy Discounts Eroded Holiday Weekend Sales

Half of American shoppers believe that the best deals of the year are available on Black Friday. How then to account for the fact that those shoppers turned out in ...
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choose happiness

Should the Major Pop in Consumer Confidence Really Be a Big Surprise?

Whether economists were caught by surprise over the strength of Consumer Confidence was entirely predictable probably remains up for debate. What should not be up for debate is that investors ...
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percentage button

Fed Governor Powell Talks Up Rate Hike Odds

Another day, another Fed head calling for a rate hike. Federal Reserve Governor Jerome Powell was speaking at the Economic Club of Indiana in Indianapolis on Tuesday, and he talked ...
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Fitch Offers Brighter US and Emerging Market GDP Growth in 2017, Less So for China

As the year comes to an end, you can expect to see more and more 2017 forecasts. Fitch Ratings is joining in on that trend. Much of the report is ...
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mobile shopping

Americans Spend Record $3.45 Billion on Cyber Monday

Cyber Monday 2016 is now in the books with, as expected, a new record for the largest online sales day in history. Spending reached a total of $3.45 billion, up ...
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