China Manufacturing Activity Moves Toward Recession Level
Because China's economy and employment is so dependent on factory work, contraction means that a key factor of the health of domestic product has signaled deep trouble.
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IMF Forecasts Net Income of $2.4 Billion in Current Year
The International Monetary Fund has posted its financials. Here are the results.
June Consumer Sentiment Index Dips on Tariff Worries
The University of Michigan consumer sentiment index for June was the same as the index reading for June 2018. Month over month, however, the index declined slightly on consumer worries about added tariffs.
Personal Income and Spending Both Gained in May
The Commerce Department reported gains in both personal income and in spending in May of 2019. The gain in personal income was primarily from personal interest income, wages and salaries, and government social benefits.
You Can Now Expect Hackers to Hold Your City for Ransom
Could hackers take control of much of your town's government and essentially hold it for ransom as the only means to get its systems back online? It's a question that is being asked more…
Weak Durable Goods in May Should Act as a Drag on Q2 GDP
If there is one industrial component that can help sway the impact of gross domestic product, look no further than the monthly report on durable goods.
Will Anyone Know How Many People Actually Live in the US?
There is a battle in the federal courts over control of the national census, who will be included in the count and even when census ballots are printed.
FOMC’s Forecast for Rate Cuts in 2019 Is Slower Than Market Expectations
Jerome Powell is being less dovish than the market and President Trump want him to be. FOMC votes to not cut fed funds rate and is slower than the consensus forecast of rate cuts…
June Consumer Confidence Plunges to 21-Month Low
The Conference Board reported Tuesday that its consumer confidence level hit a 21-month low in June.
More Weakness Seen in Regional Manufacturing Data
The strong economy has finally started to show some weakness around slower global growth and trade tensions. After a very weak Empire Manufacturing report from the Federal Reserve Bank of New York, the Federal…
Retail Sales Rise Ahead of Tariffs
May's reading on retail sales did manage to post a 0.5% seasonally adjusted gain. That's the good news.
Fitch Quantifies GDP Growth Damage for 2020 If More Tariffs Come
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 if the trade tensions…
New York Area Manufacturing Activity Plummets in June
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 close to a real-time…
Fed Models Suddenly Call for Stronger Than Expected GDP Growth
The Atlanta Federal Reserve Bank's model now projects real GDP growth in the second quarter that looks better than prior forecasts but is still shy of the first quarter,
The World’s Least Peaceful Country Is in Central Asia, US Is Toward the Bottom
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 own countries.