Higher GDP Largely Ignored by the Markets
Gross domestic product is how economists, consumers, politicians and academia all measure economic growth. GDP in the United States is dominated handily by consumer spending.
Economy
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Expect More Federal Reserve Rate Hikes in 2017
If the Federal Reserve and the financial markets are correct, 2017 will end up being the year that interest rates start to become more and more normalized on a historical basis.
Why Consumer Confidence Soared Off the Charts in March
Unusual strength in confidence readings has been the standout feature of the post-election economy. The consumer confidence index has yet to slow, as the spread between optimists and pessimists continues to widen.
March Consumer Confidence Index Hits 16-Year High
March's Consumer Confidence Index reached a 16-year high, according to the Conference Board.
Manufacturing Recovery Continues in Texas Region
The Federal Reserve Bank of Dallas's Texas manufacturing outlook survey for the month of March showed that manufacturing activity strengthened in the state for the ninth consecutive month.
Nearly 20% of Americans Think Global Warming Is Exaggerated
Almost 20% of Americans think news about global warming is exaggerated. They also don't have much concern about climate change.
Easter Spending Expected to Reach $18 Billion
Although its lags behind the big year-end holidays, Easter is a boom time for many retailers. Consumers will spend a record amount on the holiday this year.
Kickstarting America’s Stalled Productivity Growth
In each of the past three years, U.S. productivity has risen less than 1%, well below an average of about 2.2% since the end of World War II. Josh Bivens suggests how to raise…
Chicago Fed Shows Continued National Economic Trends in February
A national report issued by the Federal Reserve Bank of Chicago shows that economic growth increased in the month of February.
Who Is Getting the Best Pay Raises?
CEO pay went up nearly 7% last year, while hourly wages rose by less than half that amount. Employees may have to be more forthright in asking for a raise, but their chances of…
How Much Does Germany, Second Largest Financial Supporter of NATO, Owe?
The Trump administration says Germany does not pay its fair share, but how much is that?
58% of Millennials, Nearly Half of All Student Borrowers Have Missed a Payment
44 million Americans have amassed $1.4 trillion in student loan debt, and nearly half of all borrowers have missed a payment. Among millennials, 58% have missed a payment.
St. Patrick’s Day in 2017 to Set Record for Economic Impact
24/7 Wall St. has decided to look at the economic impact that will be felt from St. Patrick's Day this year.
Why the Yellen and Fed Rate Hikes Are Favorable — With More Hikes to Come!
If you were under the belief that the underlying economy was not yet strong enough to support an interest rate hike, note that the Federal Reserve has raised interest rates.
Pace of Wage Growth Quickens as Minimum Wage Rises
In the 17 states and the District of Columbia where minimum wage rates were raised last year, wages grew more than twice as fast as in states where minimum wages were unchanged.