US GDP Growth Hits 3-Year High
The Bureau of Economic Analysis issued its first revision for third-quarter gross domestic product for 2017. What should stand out in this report is that this marked the strongest quarterly output gain in three…
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Consumer Confidence Hits 17-Year High Rather Than an Expected Drop
The Conference Board has released its latest view on consumer confidence, showing that it remains at a 17-year high.
OECD Sees Global Growth Hitting 7-Year High
The OECD is reporting that the global economy is on pace to have the best year of growth since 2010.
October Sees Wider Trade Deficit
The U.S. Department of Commerce has released its October monthly reading for international trade.
Texas Manufacturing Growth Slows in November
The Federal Reserve Bank of Dallas has released its monthly Texas Manufacturing Outlook Survey for November.
The Earth Is Getting Much Brighter, Which May Not Be Good
Advances in lighting technology are increasing light usage around the world. We're losing our night.
Eurozone Growth Reaches Multiyear High
Just as the U.S. economy has hit long and rapid strides in employment, consumer confidence, and GDP growth, the Eurozone has followed suit. According to new data from IHS Markit, PMI and employment indicators…
Consumer Sentiment Dips, Still Beats Estimate
The University of Michigan consumer sentiment survey dropped more than 2% in November primarily on consumers' concerns over their current economic conditions.
Durable Goods Orders Tumbled in October
Durable goods orders fell 1.2% month over month in October, well below the consensus estimate for a gain of 0.4%.
Consumer Inflation Not Following Wholesale Inflation Above Fed’s Target Range
It was just on Tuesday that the markets had to deal with a hot inflationary number that was stronger than what had been seen in several years. But consumer readings were far less hot…
October Retail Sales Up on Strong Car Sales
The U.S. Census Bureau reported this morning that retail sales rose 0.2% month over month in October and 4.6% year over year.
The Number of Global Millionaires Keeps Growing, but Millennials May Be Left Behind
Maybe there is never a bad time to be a millionaire. And there are now more millionaires than ever, according to a new report.
Pay Raises Scarce Last Year
Less than half of all American workers got a pay increase last year and older workers fared much worse than their younger associates.
Wholesale Inflation Rises Above Fed’s Inflation Target
The Federal Reserve has had the same target range on inflation for years now. Unfortunately, that target has been rather elusive until recently.
Small Business Optimism Runs Into Risks on Hiring New Employees
The National Federation of Independent Business has released its October Small Business Optimism Index, showing that optimism remained at lofty levels.