Fed Beige Book Dominated by Moderate and Modest
The Federal Reserve’s Beige Book is often reported as though it is an economic report or as though it is an official Federal Reserve report. It turns out that the Beige Book summarizes comments…
Economy
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What Steven Mnuchin in Treasury and Wilbur Ross in Commerce Mean in the Trump Economy
When it comes to the economy, two of the most influential positions in the nation are the Secretaries of the Treasury and of Commerce.
Who Really Makes Household Spending Decisions?
When asked who makes the household decisions about buying clothes and groceries and holiday gifts, women overwhelmingly say that they do.
10 States Where You Are Most (and Least) Likely to Get Hacked
Researchers have identified the U.S. states that are most likely to be exposed to and victimized by identity theft and fraud.
How Heavy Discounts Eroded Holiday Weekend Sales
Half of American shoppers believe that the best deals of the year are available on Black Friday. How then to account for the fact that those shoppers turned out in larger numbers than last…
Should the Major Pop in Consumer Confidence Really Be a Big Surprise?
Whether economists were caught by surprise over the strength of Consumer Confidence was entirely predictable probably remains up for debate. What should not be up for debate is that investors and economists should have…
Fed Governor Powell Talks Up Rate Hike Odds
Federal Reserve Governor Jerome Powell was speaking at the Economic Club of Indiana in Indianapolis on Tuesday, and he talked up the chances of a rate hike for December.
Fitch Offers Brighter US and Emerging Market GDP Growth in 2017, Less So for China
As the year comes to an end, you can expect to see more and more 2017 forecasts. Fitch Ratings is joining in on that trend.
Americans Spend Record $3.45 Billion on Cyber Monday
Cyber Monday 2016 is now in the books with, as expected, a new record for the largest online sales day in history.
Better News for Manufacturing Activity in Texas
Sometimes headlines just do not tell a full story. That was the case with the Dallas Federal Reserve's Texas Manufacturing Outlook Survey.
Q3 GDP Revised Higher Than Expected
The first revision for third-quarter gross domestic product was higher than both the first estimate and the expectations already shown.
OECD Calls for More Spending to Stimulate Growth
The OECD's 2016 Economic Outlook could have been written with the results of the U.S. election in mind, even though that is probably not what happened.
15 Reasons Why a Federal Reserve Rate Hike Looks Certain for the Holidays
It may be a holiday weekend, but 24/7 Wall St. wanted to give investors, business owners, and consumers insight into what to expect as 2016 ends and 2017 gets closer. The first order of business…
Trade Deficit Widened in October as Inventories Declined
When it comes to international trade, the United States has been running a deficit for decades. The Friday after Thanksgiving is a day when most people in America are not working, but there is…
Thanksgiving Day 2016: Traveling, Dining, Shopping
Thanksgiving Day is a uniquely American holiday, and most Americans celebrate the holiday with a family get-together, a Thanksgiving feast, and then maybe football or shopping. What’s not to be thankful for? In keeping…