Differing Views on Strength in US Manufacturing Sector for April
Economists and investors just got to see two fresh views on the U.S. manufacturing segment of the economy. While growth remains in the air, it may be deemed to be at a less robust…
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April Consumer Sentiment Weighs Tax Cuts vs Tariffs
The final April consumer sentiment index reading from the University of Michigan was down more than 2% month over month but remains up 1.9% year over year.
Why US GDP Is About to Hit $20 Trillion
What should stand out in the latest GDP report is that the U.S. economy is about to hit $20 trillion in GDP, if any of the expected growth comes to pass in 2018.
Colleges Skirting Regulations by Encouraging Delays on Student Loan Payments
It is no secret that the United States is heavily bogged down with student debt. A recent Federal Reserve study on debt showed that there more than 44 million Americans with student debt. The…
Was Durable Goods Report Strong Enough to Boost GDP?
If there is one economic report that can be very volatile and can come in well above or well below expectations, it is the monthly durable goods report.
Spending for Mother’s Day Holiday to Top $23 Billion
The National Retail Federation estimates spending on Mother's Day gifts this year will top $23 billion for only the second time in 15 years.
Interest Rates Just Surged and Could Go Even Higher by Week’s End
Interest rates rocketed higher to start the week. The next jolt to the bond market though might come by the end of the week.
Walmart CEO’s Salary Is 1,188 Times the Median Employee’s
Walmart CEO Doug McMillon's pay last year was 1,188 times the pay of a median company employee. That's way above the already high median ratio of CEO-to-median-employee pay.
IMF Warns Of Another Global Financial Fiasco, If…
The IMF posted its comments last week as the organization marked the 10th anniversary of the global financial meltdown. Whether the warnings are fair or not is another matter The primary advice for the…
IMF Economic Outlook Mixed on Growth, Future Risks
The April 2018 update to the IMF's World Economic Outlook includes some upbeat forecasts for near-term economic growth but warns that medium-term growth faces several threats.
Why There Is Still Way Too Much Capacity to Show Robust Economic Growth
The Federal Reserve released its March reading for industrial production and capacity utilization. Some sources look strong, but also parts of the report look less than robust.
China GDP Grows 6.8%, Continues to Race Ahead of US
The so-called China Miracle continues to trump American economic progress and its economic advantage over the United States based on growth is unlikely to change.
Average US Credit Card Debt at $15,983
U.S. housholds with credit card debt carry an average balance of nearly $16,000, in addition to mortgages, car loans and student debt totaling another $117,000 on average.
Consumer Sentiment Flinches as Trump Trade Policies Weigh
The University of Michigan's preliminary consumer sentiment index for April fell month over month but still remains slightly higher year over year.
Will the Economy Determine Fed Rate Increases?
It is possible that the Fed has set a course to reverse the policy to keep rates at historic lows as a means to keep the economy growing.