Economy

FOMC’s Forecast for Rate Cuts in 2019 Is Slower Than Market Expectations

Posted: June 19, 2019 at 2:39 pm

We now know what the Federal Reserve's decision on interest rates is for the June 19, 2019 FOMC meeting. Fed Chairman Jerome Powell and fellow voting members decided to leave ...
Read Full Story »

Fitch Quantifies GDP Growth Damage for 2020 If More Tariffs Come

Posted: June 17, 2019 at 11:51 am

It is not at all unusual for economists and market watchers to worry about trade tensions escalating. Where things break apart between the glass viewed as half-empty or half-full is ...
Read Full Story »

New York Area Manufacturing Activity Plummets in June

Posted: June 17, 2019 at 9:22 am

The Federal Reserve Bank of New York has released its Empire State Manufacturing report for the month of June. While this is just one region, it is viewed as being ...
Read Full Story »

Fed Models Suddenly Call for Stronger Than Expected GDP Growth

Posted: June 14, 2019 at 12:20 pm

With all the media's calls for a recession in the coming quarters, the public frequently gets very mixed information and opinions about the real state of the economy. The first ...
Read Full Story »

Retail Sales Rise Ahead of Tariffs

Posted: June 14, 2019 at 9:55 am

May's reading on retail sales did manage to post a 0.5% seasonally adjusted gain. That's the good news. The bad news is that this was under the consensus target of ...
Read Full Story »

The World’s Least Peaceful Country Is in Central Asia, US Is Toward the Bottom

Posted: June 14, 2019 at 8:52 am

War-torn, impoverished and politically unstable, the least peaceful nation in the world can be found in Central Asia, according to a well-respected global study of how people feel about their ...
Read Full Story »

Could Immigration Reform Brighten CFOs Gloomy Economic Outlook?

Posted: June 12, 2019 at 1:46 pm

Almost half (48.1%) of U.S. chief financial officers (CFOs) expect the U.S. economy to be in recession by the second quarter of next year and 69% believe that a recession ...
Read Full Story »

Federal Reserve’s Inflation Targets Still Elusive

Posted: June 12, 2019 at 10:25 am

The Federal Reserve really wants inflation to be at or close to 2.0% per year, and it has a threshold for up to 2.5% inflation before it worries that prices ...
Read Full Story »

This Is How Much Child Support Varies From State to State

Posted: June 12, 2019 at 10:19 am

Sometimes it seems as if almost every regional statistic these days can be color-coded red or blue, with sharp divides according to the states’ voting patterns. But that’s not the ...
Read Full Story »

Is an MBA Worth the Cost?

Posted: June 11, 2019 at 3:03 pm

The top-ranked graduate business school in the country, according to U.S. News & World Report, is the University of Pennsylvania's Wharton School. For students entering the Master of Business Administration ...
Read Full Story »

UK Moves Toward Recession

Posted: June 10, 2019 at 5:08 am

The gross domestic product of the United Kingdom fell 0.4% in April, another sign the world's economies have become sluggish. The drop also probably was driven by trouble created by ...
Read Full Story »

IMF Warns U.S. Trade War With China Threatens Global Growth

Posted: June 9, 2019 at 6:40 am

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), said what almost every economist already knows. At the Group of 20 meeting of Finance Ministers and Central Bank Governors, ...
Read Full Story »

IMF Issues Review of US Economy, Warns About Debt, Trade

Posted: June 6, 2019 at 1:20 pm

The United States will celebrate the longest economic expansion in history next month. July marks the 10-year anniversary of the turnaround begun in June 2009 to repair the country's economy ...
Read Full Story »

Household Wealth Rose by a Stunning 4.5% So Far in 2019

Posted: June 6, 2019 at 1:00 pm

The Federal Reserve's Flow of Funds report issued each quarter might not sound like the most exciting topic to discuss over a happy hour, but something inside that report should ...
Read Full Story »

Fitch Downgrades Mexico

Posted: June 6, 2019 at 4:45 am

Trade tensions and oil: these are the reasons rating agency Fitch downgraded Mexico's sovereign debt to BBB. It was an insult of sorts to a country that has cleaned its ...
Read Full Story »