Producer Prices Refuse to Cooperate Toward the Fed’s 2% Inflation Target
The Federal Reserve has been trying to get inflation closer to its 2% mandate for some time, but the current economy just isn't allowing it.
Economy
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More Economists Now Expect Recession, Trade Uncertainties to Blame
The forecast for U.S. economic growth this year and next has deteriorated according the most recent survey of economists by the National Association of Business Economics. Four out of five believed risks are weighted…
Experts Expect GDP Growth to Drop to 1.8% Next Year
The latest forecast of the National Association of Business Economists puts gross domestic product expansion at less than 2% next year.
Shadow Banking Assets in China Are Shrinking
The U.S. trade war with China may be new, but many economists, analysts and market pundits have voiced concerns about China's core economy and other issues about the country for years.
Bad Economic News Turns Into Good News, Interest Rate Cut Odds Looking Strong
Sometimes there is a situation where bad news is good news in the financial markets. After the first contraction was seen in manufacturing this week, it turns out that services sector is slowing down…
Stock Market Struggles as Much Weaker Services Growth Piles on Manufacturing Contraction
After weaker-than-expected manufacturing data was at a 10-year low and representing contraction, now the services sector is seeing some weak data as well.
Number of People in Average Household Grows First Time in 160 Years
The size of the average U.S. household in 1790 was 5.79 people. By 2010 that figure was 2.58 people. That long-term trend appears to have reversed itself very recently, according to recently released Census…
ISM Manufacturing Data Sees Near-Decade Low for September
Two fresh readings have been seen for the U.S. manufacturing sector. One rose further into expansion and the more prominent index contracted further.
Why 2% GDP Growth in Q3 Still Looks Likely, Despite Many Concerns
24/7 Wall St. routinely checks the GDPNow estimate from the Federal Reserve Bank of Atlanta and the Nowcast from the Federal Reserve Bank of New York.
Another Massive Flood Affects Almost 600,000 People
Torrential rains in India's largest state killed 48 people in a day earlier this week. River flooding is also a problem in parts of the United States.
Have Consumers Forgotten Their Tariff Worries?
The University of Michigan consumer sentiment index shook off its August funk to rise by nearly 4% month over month. The index remains nearly 7% lower than at the same time last year, however.
Durable Goods and Personal Income and Spending Add Little for Q3 GDP Ambitions
Friday's flow of economic data included multiple views on the broad economy, and some data may have an impact on how third-quarter GDP estimates pan out.
If You Loaned Money to Family or Friends, Don’t Count on Getting Paid Back
Lending money to friends and family often spawns unexpected and undesirable consequences.
Q2 GDP Stays In Line
The Bureau of Economic Analysis reported on Thursday that the domestic economy grew at a rate of 2.0% (annual) in the second quarter of 2019.
Evaluating the Trickle-Down Effect of Federal Funding Squeezes for States and Local Governments
With the deficit in the United States now over $22 trillion, there may come a day when deficits and credit actually matter again.