Economy

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Janet Yellen and FOMC Verdict on Tapering, Quantitative Easing, Rate Hikes

Janet Yellen and the Federal Reserve have released their statement for the July 29 to 30 FOMC meeting. As expected, we got more tapering of the monthly bond buying and ...
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Very Mixed Yet Positive Payrolls Data From ADP and TrimTabs

This week is a very busy week for employment data. We are still awaiting the Friday unemployment and payrolls report from the Labor Department, but we now have two preliminary ...
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Smokestacks

Q2 GDP Blowout — at Least on the Headline Data

It turns out that the first quarter drop of 2.9% in gross domestic product (GDP) was truly a blip, just like economists had been saying all along. What is more ...
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investing

GDP vs. FOMC vs. Unemployment and Payrolls

24/7 Wall St. wanted to make an update for its readers about the dual importance of economic reports. It is unemployment that rules the roost in most months, but this ...
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Consumer Confidence Surges to Post-Recession High, Strong 2014 Outlook

The Conference Board is out with its monthly reading of consumer confidence in the month of July. It posted its third consecutive gain, but perhaps the real news is that ...
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Federal Reserve

FOMC Preview Ahead of GDP and Unemployment

Tuesday marks the beginning of the July Federal Open Market Committee (FOMC) meeting of the Federal Reserve. This is a two-day meeting and the FOMC meeting announcement is slated for ...
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States Where People Have the Fewest Debt Problems

Debt, as measured by share of debt in collection, is less of a problem in states with low unemployment, in many cases. According to the Urban Institute, the national average ...
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Active investor

Why GDP Could Trump Unemployment in Importance This Week

In most months, the biggest single economic report is the Employment Situation report issued by the U.S. Department Labor on the first Friday of the month. That may not hold ...
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factory

U.S. Second-Quarter GDP Watch in the Week Ahead

While all eyes will be on the upcoming July unemployment and payrolls on Friday, August 1, the other big economic report during the week will of course be second-quarter gross domestic ...
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robots

June Durable Goods Likely Saved Second-Quarter GDP

Friday's report on durable goods was one we were paying close attention to. After all, this is the last major broad production and consumption number ahead of the first look ...
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factory

Why Durable Goods Matters So Much on Friday – GDP Watch

On Friday we will get to see the report for Durable Goods  for the month of June. This is an incredibly important report because it is for June, marking the ...
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An Astounding and Amazing Weekly Jobless Claims Report From the Labor Department

The U.S. Labor Department's report on weekly jobless claims blew the doors off the hinges. After last week's reading was revised to 303,000 from 302,000, the number came in at ...
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Moody’s Cuts Atlantic City to Junk

Atlantic City, which at one point was supposed to rival Las Vegas as a gambling destination, has nearly fallen to pieces. One of the last bricks taken out of its ...
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shopping

American Consumer Spending Continues to Falter

The consumer may have returned to malls and retail stores, but he remains wary about what he believes he can spend. Based on the portion of gross domestic product (GDP) ...
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Inflation

June CPI Shows Inflation Has Arrived — Or Has It?

The U.S. Labor Department gave us the formal inflation reading for the month of June on Tuesday morning. Most investors are more concerned about major earnings reports and economic recovery ...
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