Economy - Page 2

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Greece Scores Unusual Debt Rating Upgrade from S&P

Just when you thought no good news could come out Greece, just look outside of Greece for good news on Greece. Standard & Poor's has decided to raise Greece's sovereign ...
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American Families Spent 16% More on College

It’s not exactly news that the cost of attending college is rising. What is news is how quickly it rose last year and who is paying. The average American family ...
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Does CEO Confidence Conflict With Consumer Sentiment?

Measuring a proper degree of how confident the public is at any given time is no simple business. It also depends on which group is doing the interviewing, as well ...
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More Worries About Poor GDP Growth

Among the many observations from the July NABE Business Survey is that gross domestic product (GDP) growth in the second quarter may have been as low as 2.1%. While this ...
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Inflation Still Tame in CPI Reading

The U.S. Department of Labor has been showing that some deflationary pressure may be going away. Consumer inflation, measured by the Consumer Price Index (CPI), posted a gain of 0.3% ...
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Will Consumer Sentiment Disappoint?

Friday morning will bring the preliminary Consumer Sentiment for the month of July. This is the University of Michigan's report rather than the Consumer Confidence report from the Conference Board. ...
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Philly Fed Fails to Deliver Consistent Growth

After a mixed New York Fed report on Wednesday, Thursday brought a soft economic report from the Federal Reserve Bank of Philadelphia. The so-called Philly Fed was reported as 5.7 ...
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Weekly Jobless Claims Headed Back in Right Direction

The U.S. Department of Labor released its weekly jobless claims on Thursday, showing a drop of 15,000 to 281,000. That is the good news. The bad news is that last ...
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Why the Fed May Be Losing Its Window to Raise Interest Rates

Federal Reserve Chair Janet Yellen’s testimony made clear her intention to raise the federal funds rate target sometime this year. Numerous snippets from her speech say this explicitly. We can ...
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ECB Keeps Interest Rates and QE Static

The European Central Bank (ECB) has decided to leave its short-term interest rates unchanged. The move may sound surprising considering the situation in Greece, but the reality is that the ...
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Germany Becomes the World’s Perfect Economy

China's economy has slowed to an expansion rate of 7%, a number that many experts believe has been manufactured and actually is weaker. The White House recently downgraded the U.S. 2015 GDP ...
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The Beige Book No One Cared About

The Beige Book was released by the Federal Reserve at 2:00 p.m. Eastern on Wednesday, and what was often ignored may have been given almost no media coverage at all. ...
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Yellen Telegraphs Dovish Fed Ahead in Semiannual Testimony

Federal Reserve Chair Janet Yellen has begun her semiannual monetary policy report to the U.S. Congress before the Committee on Financial Services of the U.S. House of Representatives in Washington, ...
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As Industrial Production Ticks Up, Can Capacity Ever Break Above 80%?

Industrial production has remained weak and restrained so far in 2015. Some of this may be the strength of the dollar, but much is the weakness that persists in Europe ...
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Empire Manufacturing Strength Seems More Mixed All Around

The Empire State Manufacturing Survey, the manufacturing report from the Federal Reserve of New York, came out with a six-point gain to 3.86 for the month of July. Bloomberg had ...
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