Consumer Sentiment on Track to Keep Rising
Consumer sentiment improved last week according to the latest report from Morning Consult. That's good news for the economy heading into the holiday shopping season.
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Americans Expected to Empty Their Wallets This Christmas
Despite some economic warning signs, Christmas spending is expected to reach an all-time high this year, a sign that the consumer will continue to bolster the American economy through the end of the year.
Hong Kong Falls Into Recession
Hong Kong, one of the business capitals of the world, is in recession, according to its Census and Statistics Department. Hong Kong’s economy, if measured independently from China, which controls the region, would rank…
Sagging Consumer Confidence Brings New Light to Fed Ahead of Expected Rate Cut
The Conference Board has reported that U.S. consumer confidence fell in October for the third consecutive month.
Are High-Tech Enclaves Inevitable?
A new study from the Federal Reserve Bank of Richmond looks at how high-skill occupations are distributed around the U.S. and concludes that centralization in a few key cities may be the most economically…
Fed Rate Comes Just As Expected
Wednesday’s announcement by the Federal Reserve’s Open Market Committee (FOMC) of a quarter-point cut in its policy rate was expected. According to the CME FedWatch Tool there was a 99% probability that Fed Chair…
As GDP Holds Up, Those Imminent Recession Calls Looking Very Premature
While Wednesday was supposed to be a day about a Federal Reserve rate cut by the Federal Open Market Committee, it was also the day that brought the first look at third-quarter gross domestic…
10 Tragic Facts About Child Poverty
From the Council on Contemporary Families 1. Even after accounting for receipt of public benefits and programs for low-income families, 13% of U.S. children—9.7 million—are  living in families with incomes below the poverty line. Without…
The October FOMC Meeting May Be the Last Rate Cut of 2019
The last week of October is going to be an important one for the global financial markets. The Federal Reserve's Federal Open Market Committee is expected to reveal another federal funds rate cut.
Income Growth, Jobs Raise US Consumers’ Optimism
Consumer sentiment rose 2.5% month over month in October but trailed the October 2018 index reading by 3.1%.
States Where Drunk Driving Deaths Are Soaring
The national rate of drunk driving deaths has slowed, according to new research. Yet in several states, the number has soared.
German Economy Goes Into the Dump
Germany, the largest economy in Europe and the fourth largest in the world, is in deep trouble, and the big economic engines are sputtering all over the world.
$300 Billion Needed Now to Buy Time to Combat Climate Change
A near-term plan to restore nearly a billion acres of the earth's surface to pasture and farmland could pay huge dividends by giving countries and policymakers the time to scale up more costly efforts…
Why the Odds of Being Killed by a Car Walking or Biking Have Skyrocketed
While a decline in drunk driving and better safety systems in vehicles continue to reduce the number of drivers and passengers killed in cars, pedestrians have not been so fortunate.
US Economy May Grow Only 2.1% Next Year
The updated IMF World Economic Growth Outlook downgrades the organization's global growth forecast to less than 3.5% gross domestic product expansion.