Economy

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Durable Goods Tick Lower in August

New orders for durable goods were not all that durable in August. The only good news here is that the drop was not as bad as economists had expected.

Jon C. Ogg · 11 years ago

Did the Fed Make a Huge Mistake Not Raising Interest Rates?

ThinkstockAfter the decision was made by Janet Yellen and the Federal Reserve’s voting members of the Federal Open Market Committee (FOMC) to not raise interest rates in September, the financial markets have been volatile…

Jon C. Ogg · 11 years ago

China PMI Collapses to 78-Month Low

The Caixin Flash China PMI for September fell to 47.0 from 47.3 in August The number is the lowest it has been in 78 months.

Douglas A. McIntyre · 11 years ago

Richmond Fed Goes Negative in September

The Federal Reserve Bank of Richmond announced on Tuesday that manufacturing in the Fifth District slowed and went negative in the month of September.

Jon C. Ogg · 11 years ago

Moody’s Downgrades France On Weak Growth

ThinkstockJust as Europe’s major economies, led by Germany, have exited the recession with modest growth, France, the second largest nation in the region based on GDP was downgraded by Moody’s. The reason was extremely…

Douglas A. McIntyre · 11 years ago

Meet the New Fed Economic Targets for 2015 to 2018

ThinkstockAfter news broke that Janet Yellen and the Federal Reserve’s Open Market Committee (FOMC) decided to maintain their zero interest rate policy with the fed funds rate remaining at a target of 0.00% to…

Jon C. Ogg · 11 years ago

Fed Lacks Confidence, Leaves Interest Rates Unchanged

Janet Yellen and the Federal Reserve’s Open Market Committee (FOMC) have decided to keep the markets guessing for even longer. The zero interest rate policy has been left as is and unchanged, with the…

Jon C. Ogg · 11 years ago