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Did Durable Goods Just Set the Stage for a Rate Hike?

The week of August 26 has been full of waiting and waiting for Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyoming. The markets are looking for any sign ...
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What Each Olympic Medal Costs Each Country Versus GDP

The 2016 Olympics in Rio have come to an end. The big haul of gold and total medals was won by the United States, but Great Britain, China, Russia and ...
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Should Negative Labor Productivity Become a Political Hot Button?

As 2016 is an election year, the public is being force-fed endless rhetoric and data about what taxes are fair, how hourly wages need to rise, the wealth gap, a lack of ...
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U Turn

US GDP for 2016 Just Took a Sharp Turn Lower

If you ever wanted to see an economic report that makes you feel like the pundits were all full of delusion and hope rather than full of knowledge, look no further ...
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Fed Has to Deal With Worst Durable Goods Report in Almost 2 Years

The U.S. Department of Commerce has released its reading on durable goods for the month of June. Durable goods matter because they sum up what is happening in the big-ticket ...
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First Quarter GDP Revised Higher, But Still Paltry

Did you ever get excited about Gross Domestic Product running just over 1 percent? If your answer is no, even if it is understandable, Tuesday may be an exception. First ...
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U.S. Sees Wider Trade Deficit in May

Long live the trade deficit! For many Americans the month report on U.S. International Trade in Goods is simply called the U.S. trade deficit. After all, when was the last ...
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Ifo Economic Forecast Shows Strengthening German Economy

At least one of the world's largest economies has prospects better than expected. As the Federal Reserve dropped its forecast for the U.S. economy from gross domestic product (GDP) of 2.2% ...
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Atlanta Fed GDPNow Still Sees 2.5% GDP Growth in Q2

The Federal Reserve Bank has released its views for second quarter gross domestic product (GDP). This may seem rosy on the heels of such a poor payrolls report on the ...
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ISM-Chicago Shows Purchasing Managers Seeing Contraction

Among the slew of economic reports on Tuesday was the ISM-Chicago's Chicago Business Barometer for the month of May. This index fell 1.1 points to 49.3, a signal of slight ...
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Q1 GDP Revision Higher, Yet Disappointing

Economic growth is generally measured by the gross domestic product (GDP). First-quarter GDP growth saw a revision, and it raised to 0.8% from the prior 0.5%. This report was incredibly slow, and ...
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Fitch Trims US GDP Expectations for 2016, Raises China GDP View

Throughout the first quarter of this year, particularly the first six weeks when markets were in free fall, it was more than common for global organizations, analysts and economists to issue ...
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What Would Make US GDP Go to Zero?

The 0.5% improvement in first-quarter gross domestic product (GDP) is not far from zero. It would not take many factors to push growth down to zero or even below. Several ...
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German GDP Grew 0.7% in Q1

Germany may be the envy of the developed world, for the time being. Its first-quarter gross domestic product rose 0.7%. The figures means the annual growth rate is 2.8%. Most forecasts ...
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March Factory Orders Ticked Higher

The U.S. Department of Commerce reported that factory orders rose by 1.1% in the month of March. This has a one-month lag, so it may not show up in any ...
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