GDP Watch: National Growth Decelerated in June

After a 2.9% drop in gross domestic product (GDP) in the first quarter of 2014, all eyes have been on June economic readings. After all, June marks the end of ...
Read Full Story »

Will ‘Back to School Spending’ Hurt Holiday Retail Sales?

As the economy recovers slowly, among the most critical questions about GDP recovery is how much money Americans actually have to spend for more than essentials. High energy and food ...
Read Full Story »

Economic Recovery Watch: Capacity Utilization’s Weaker Reality

24/7 Wall St. covers many economic readings throughout each week, month and year. Many economic reports are trumped up in their value by the financial media and by short-term traders, ...
Read Full Story »

Federal Reserve Beige Book Indicates Growth Trajectory Nationwide

The Federal Reserve has released its latest installment of the so-called Beige Book. The Fed is getting yet another chance to move the market with data that should have already ...
Read Full Story »

Yellen Testimony Signals Accommodative Policy and Low Rates to Continue

Fed Chair Janet Yellen is delivering her semiannual Monetary Policy Report in front of Congress on Tuesday. The testimony is before the Committee on Banking, Housing and Urban Affairs of ...
Read Full Story »

Another Disappointing Retail Sales Number at Quarter-End

June turned out to not be a great month for retail sales. The Census Bureau reported that advance monthly sales for retail and food services rose by only 0.2% to ...
Read Full Story »
down market

No Recession Expected by Economists

It may be that economists are wrong so often that their forecasts about growth and the odds for or against future recessions are of little value. Nevertheless, the National Association of ...
Read Full Story »

Why DJIA May Slip Back to 15,000

Most media and analyst forecasts call for the Dow Jones Industrial Average (DJIA) to remain at about 17,000, or for it to plow ahead toward 20,000. The June jobs reports ...
Read Full Story »
global economy

OECD Projects Slowing Global Growth, Rising Income Equality to 2060

A new study from the Organisation for Economic Co-operation and Development (OECD) projects that global economic growth will slow and income inequality will continue to rise to 2060. The "Policy ...
Read Full Story »

Two Strong Manufacturing Reports Signal Better Q2 GDP Reading

Tuesday brought two manufacturing readings for measuring the U.S. economy. The data might be considered mixed when you look at the Markit PMI reading versus the ISM Manufacturing Index. Still, ...
Read Full Story »
global economy

Global Growth Forecasts Have Downside Risks in 2014, 2015 and 2016

With all the quantitative easing in the United States, Europe, Japan, China and elsewhere, you would think that trajectory for the global recovery and global growth is well on track. ...
Read Full Story »
Housing development

Housing Spending Rose in Q1 to 17.6% of Total GDP

The sequential 2.9% decline in U.S. gross domestic product (GDP) in the first quarter of 2014 was lower than expected and the largest drop since the first quarter of 2009. ...
Read Full Story »
Fuel pump in fuel tank

Gas Prices Move Toward $4

Gasoline prices, which have been inching higher for months, now top $3.67 per gallon for regular, on average, nationwide. At some point, the rising price will batter consumer spending, although ...
Read Full Story »

GDP and Durable Goods Pancake Growth

Two economic readings will be the talk of the market on Wednesday. The first is a very poor turnout of first quarter gross domestic product (GDP) revision. The second is ...
Read Full Story »

Richmond Fed Shows Prices Rising in June

The Federal Reserve Bank of Richmond manufacturing index showed an unexpected drop in the month of June, falling to a reading of 3 from 7 in May. Bloomberg's consensus estimate ...
Read Full Story »