What to Expect for the Third Quarter 2016 GDP Report

This Friday will mark the first real look at third quarter GDP. While this is a backward-looking number, this number is closely watched as it marks the official yardstick that ...
Read Full Story »

Manufacturing Activity Ticks Higher on October

Monday's economic data included the PMI Manufacturing Index flash reading, which rose unexpectedly to 53.2 for October. The September reading was 51.4, and Bloomberg had its consensus estimate at 51.2 for ...
Read Full Story »
Gross domestic product

5 Economic Readings That Ticked Higher Ahead of GDP

If you have listened to the endless political rhetoric in the presidential election, you might worry that the economy is driving off a cliff. Things might not be all perfect, ...
Read Full Story »
crystal ball

Uptick in Leading Economic Indicators in September

Of the economic reports released on Thursday, one of the reports was the  Conference Board Leading Economic Index. This was a U.S. reading showing a 0.2% gain in September to ...
Read Full Story »
Gross domestic product

Fed Beige Book Broken Down Into Just 14 Key Points

The Federal Reserve has released its Beige Book for October. Most investors and economists consider this a government report, but the reality is that this is a business survey conducted ...
Read Full Story »

World’s Top Economies Include Companies and Cities

Of the largest 100 world economies, 42 are cities, or more specifically, metropolitan areas. Of those cities, 12 are located in the United States and eight in China. One-third of the ...
Read Full Story »
small business owner

ISM and PMI Both Show Sharp Non-Manufacturing Gains for September

Two more readings on the non-manufacturing economy were released on Wednesday. The first was the PMI Services Index, and the second was the ISM Non-Manufacturing Index. Both are fairly fresh ...
Read Full Story »

August Trade Deficit Widens Out From July

The monthly reading on international trade is known to the rest of us as the trade deficit. It hasn't been positive in so long that you might wonder why they don't ...
Read Full Story »

IMF Further Downgrades Global Growth Forecasts

Another day, another downgrade to global growth forecasts. That is the message we are hearing yet again from the International Monetary Fund (IMF) on Tuesday. The IMF sees subdued global ...
Read Full Story »

Multiple Fresh Signs of Economic Reports Showing Weakness for Q3/Q4

Now that the third quarter has come to an end, and with the election dominating the fourth quarter, 24/7 Wall St. wanted to take a look at the broader economic ...
Read Full Story »
train yard

Q2 GDP Revised Higher

The broadest measurement of the overall economy is the gross domestic product (GDP). Economists and investors alike have grown to know that some 70% or so of GDP comes from consumer spending trends, ...
Read Full Story »
JCP appliances

Durable Goods Looking Muted

Durable goods are showing not to be all that durable, and this matters as it can add up to a lot of the impact on gross domestic product (GDP). This ...
Read Full Story »
Chicago skyline

Chicago Fed Shows National Activity Is Slowing

The Federal Reserve Bank of Chicago releases its nationally focused Chicago Fed National Activity Index (CFNAI) each month, and the reading for August was negative, after having been positive in July. ...
Read Full Story »
percentage button

Why the Market Is Not Expecting That Elusive Fed Funds Rate Hike in September — Not at All

September's meeting of the Federal Reserve's Federal Open Market Committee (FOMC) is upon us. This is a key meeting because many of the regional Federal Reserve branch presidents and Fed ...
Read Full Story »
Gross domestic product

Fannie Mae Still Sees Accelerated GDP Growth in Second Half of 2016

Fannie Mae has released its Economic & Strategic Research Group's September 2016 Economic and Housing Outlook. For the full year, the group is calling for gross domestic product (GDP) to ...
Read Full Story »