Economy

Higher GDP Largely Ignored by the Markets

Gross domestic product (GDP) is how economists, consumers, politicians and academia all measure economic growth. GDP in the United States is dominated handily by consumer spending. And the hope after ...
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Expect More Federal Reserve Rate Hikes in 2017

If the Federal Reserve and the financial markets are correct, 2017 will end up being the year that interest rates start to become more and more normalized on a historical ...
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Why Consumer Confidence Soared Off the Charts in March

Consumers are confident. Extremely confident. The economic news might have been expected to be weak considering eight straight days of a drop in the Dow Jones Industrial Average. Apparently consumers did ...
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March Consumer Confidence Index Hits 16-Year High

The Conference Board has released its latest monthly consumer confidence numbers. March's Consumer Confidence Index reached 125.6 in March, up from 116.1 in February. The index is based on a ...
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Manufacturing Recovery Continues in Texas Region

Manufacturing continues to recover in the Texas region. The Federal Reserve Bank of Dallas gave its Texas manufacturing outlook survey for the month of March, showing that manufacturing activity strengthened ...
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Nearly 20% of Americans Think Global Warming Is Exaggerated

Almost 20% of Americans think news about global warming is exaggerated. They also don't have much concern about climate change. Research on opinions on the environment shows that a huge ...
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Easter Spending Expected to Reach $18 Billion

Although its lags behind the big year-end holidays, Easter is a boom time for many retailers. Consumers will spend $18.4 billion on Easter this year, up 6% to an all-time ...
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Kickstarting America’s Stalled Productivity Growth

In each of the past three years, U.S. productivity has risen less than 1%. Productivity is a measure of the amount of output the economy generated for an hour of ...
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Chicago Fed Shows Continued National Economic Trends in February

If you were expecting a federal funds rate hike from the Federal Reserve, you have likely noticed that economic data from the past 60 days has been stronger and stronger. ...
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Who Is Getting the Best Pay Raises?

The highest-paid CEO last year was Thomas Rutledge of Charter Communications. He received total compensation of $98.6 million. Rutledge's pay was presumably based on Charter's return to shareholders, which came ...
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How Much Does Germany, Second Largest Financial Supporter of NATO, Owe?

Germany is supposed to be the second largest contributor of funds to NATO, after the United States. However, the rule books about how NATO is governed and funded are immensely ...
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58% of Millennials, Nearly Half of All Student Borrowers Have Missed a Payment

Some 44 million Americans have student loan debt, totaling more than $1.4 trillion. That represents more than 37% of all consumer credit outstanding at the end of December and about ...
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St. Patrick’s Day in 2017 to Set Record for Economic Impact

It is St. Patrick's Day in 2017. While many of us will be out celebrating at some point on Friday, St. Patrick's Day actually makes for a significant economic contribution. ...
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Why the Yellen and Fed Rate Hikes Are Favorable — With More Hikes to Come!

If you were under the belief that the underlying economy was not yet strong enough to support an interest rate hike, note that the Federal Reserve has raised interest rates. ...
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Pace of Wage Growth Quickens as Minimum Wage Rises

In 2016, 17 states and the District of Columbia raised state-mandated minimum wages. In those states, total wage growth for workers in the 10th (lowest) percentile of the population rose ...
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