Economy - Page 2


Consumer Sentiment Rises to Nine-Month High

The preliminary April read on the Thomson Reuters/University of Michigan Consumer Sentiment Index rose to a nine-month high of 82.6. A survey of economists by Bloomberg had a consensus estimate ...
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Inflation Finally Arrives — at Least at the Wholesale Level

If the Federal Reserve ever wanted to see some inflation -- as they keep claiming (careful what you wish for) -- the Labor Department just gave a first piece of ...
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Minnesota Raises Minimum Wage

Yet one more state is about to raise the minimum wage. At the current rate at which states are taking this action, the move by some members of Congress to ...
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Treasury Deficit at Decade Low in March

The U.S. Treasury may have had a successful 30-year Treasury Bond auction, but the Treasury budget deficit is alive and well. That means more deficits ahead. The Treasury's budget deficit ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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. ...
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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, ...
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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, ...
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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 ...
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