Consumer Sentiment at 7-Month Low
The Thomson Reuters/University of Michigan Consumer Sentiment Index has slipped from a March reading of 91 to an April reading of 89.
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US Worker Pay Growing Faster Than Inflation, but Still Slow
Inflation remains well short of the Federal Reserve's 2% target, and combined with a first-quarter total compensation increase of 1.9% indicates that U.S. workers are earning enough to cover higher costs.
Consumers Are Cautious Despite Income Growth
Personal income rose 0.4% in March, beating Bloomberg’s estimates, but personal spending rose just 0.1%, falling short of expectations.
Europe GDP Rises, Deflation Threat Lingers
The GDP of the euro area rose 0.6% in the first quarter. The problem of deflation in the region lingered.
Kansas City Fed Manufacturing Stays in the Red, but Marks 2 Months of Improvements
The Kansas City Fed Manufacturing Index came in at −4 for April. This may represent contraction, but is less negative than the reading seen in March.
Weekly Jobless Claims Lend Further Support for Strong Jobs Market
The Bureau of Labor Statistics showed that weekly jobless claims came in at 257,000 for the week of April 23.
GDP Manages Very Small Gain in 2016 Q1
First-quarter GDP gives the bears some argument that the economy isn't chugging along just fine, but it is still growth at the end of the day.
What Yet Another No-Vote for a Fed Rate Hike Looks Like
Janet Yellen and the Federal Reserve have voted to keep interest rates flat. This was exactly what the market was expecting, but the overall Federal Open Market Committee (FOMC) tone remained a bit more…
What to Expect From Q1 2016 GDP
Thursday will mark a crucial day for just how much, or how little, the U.S. economy is growing. The initial first-quarter GDP estimate from the U.S. Department of Commerce will be released.
Narrower Trade Deficit for Goods
The international trade deficit did not come in anywhere as high as expected in March, implying that perhaps that pesky dollar strength's trend abatement might be in the works is showing up in the…
Economic Confidence Level at 2016 Low: Gallup
Americans were more upbeat over the economy a year ago, but, as Gallup points out, the recent scores are not as low as the numbers recorded between 2008 and the fall of 2012.
Little Chance (or None) Seen for Fed Rate Hike
This week's Federal Open Market Committee meeting is likely to produce no hike for the federal funds rate.
Durable Goods Look Unenthusiastic for March
The durable goods measurement of new orders rose less than expected for the month of March on a headline basis.
Consumer Confidence Chasing Consumer Sentiment Lower
The Conference Board Consumer Confidence Index declined moderately in April, after seeing an increase in March.
Philadelphia Fed Shows Nonmanufacturing Stays Stronger Than Manufacturing
The pace of activity in the region’s nonmanufacturing sectors remained positive in April, according to the Philly Fed's Nonmanufacturing Business Outlook Survey.