GDP

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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
Smokestacks

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 »
Education

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 »
car_production_line

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 »
144366870

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 »
110898078

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 »
78026699

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 »
bull

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 »