President Trump Thinks US GDP Can Rise 6%
At a meeting of his cabinet on Wednesday, President Trump said he thinks U.S. GDP can grow by up to 6% a year. He may be the only person who thinks so.
Economy
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Why a Flattening Yield Curve Means Recession Ahead
The yield curve is flattening fast. The spread between 10-year and two-year Treasury yields has shrunk to a level not seen in over a decade.
Where Gender Differences Come From
Interesting results from Pew Research Center on the way Americans view gender differences and what they believe are the sources of those differences.
CEO Economic Outlook Index Cruises to 5-Year High
Markets have been cruising to record highs and there’s no doubt that this has been spurred on by an increasingly positive outlook. Reflecting this, the Business Roundtable released its CEO Economic Outlook Index for…
Factory Orders Drop in October
U.S. factory orders remained strong in October, but the report did show a bit of slippage from the gains seen in September and August.
Venezuela to Launch Own Cryptocurrency: the ‘Petro’
Venezuelan president Nicolas Maduro said on Sunday that the country would launch its own cryptocurrency, dubbed the "petro," backed by Venezuela's vast oil reserves.
Economists See No Recession Next Year, Forecast for Accelerated Growth
The NABE Outlook is among the most carefully watched forecasts for economic growth. In its December survey, those questioned say a recession next year is highly unlikely.
Amid Market Turmoil, Q4 GDP Forecasts Gets Big Fed Upgrade
On a Friday, when the markets had been glued to headlines around tax legislation, and then again Flynn-Russia-Trump news, the Federal Reserve's view on U.S. GDP for the fourth quarter was ratcheted higher.
ISM and PMI Readings Look Strong for November, but Under Expectations
Now the financial markets are getting to adjust to two strong economic reports that were actually both under expectations.
Inflation Gathering Steam in Europe as Unemployment Declines
The European Central Bank decided to trim the monthly bond purchases and commit to keeping interest rates low. But what will the central bank do if inflation starts to get too high?
Americans Are Making More and Spending More
Should it be a surprise that Americans are spending more as their income rises? The Commerce Department released a strong reading on personal income and spending for the month of October.
US GDP Growth Hits 3-Year High
The Bureau of Economic Analysis issued its first revision for third-quarter gross domestic product for 2017. What should stand out in this report is that this marked the strongest quarterly output gain in three…
Consumer Confidence Hits 17-Year High Rather Than an Expected Drop
The Conference Board has released its latest view on consumer confidence, showing that it remains at a 17-year high.
OECD Sees Global Growth Hitting 7-Year High
The OECD is reporting that the global economy is on pace to have the best year of growth since 2010.
October Sees Wider Trade Deficit
The U.S. Department of Commerce has released its October monthly reading for international trade.