Economy - Page 2

Fed Chairman Jerome Powell Moves from Hawkish to Patient on 2019 Rate Hikes

Wednesday marked one of the market days where the public was waiting to see what Federal Reserve Chairman Jerome Powell and his members of the Federal Open Market Committee (FOMC) ...
Read Full Story »

ADP Sets Stage for Strong Payrolls Gains in January From Labor Department

The economic reports for January have so far been a bit puzzling. While the readings have indicated slower growth, things were complicated by the long partial government shutdown. Friday's payrolls ...
Read Full Story »

Consumer Confidence Continues to Fall From Record Highs

The Conference Board reported Tuesday morning that its consumer confidence index for January dipped on the back of the government shutdown and tumultuous financial markets. The index fell to 120.2 ...
Read Full Story »

Super Bowl Could Cost Businesses $4.4 Billion in Lost Productivity

The Monday following Super Bowl Sunday is the nearest thing Americans have to an unofficial national holiday. The cost to employers for workers who take Monday off comes to an ...
Read Full Story »

Broad Fed Index Points Toward Further Economic Growth in December

The Chicago Fed National Activity Index (CFNAI) is not one of the larger market-moving releases each month, but it is a national economic reading rather than just a regional one. ...
Read Full Story »

Many Americans Still Don’t Believe in Global Warming

It is generally accepted by scientists that the atmosphere around the world gets warmer almost every year. The problem causes a wide variety of dangers, including flooding and extinction of ...
Read Full Story »

Americans’ Finances Took a Turn for the Worse in Q4

It is not news that 2018 was not a great year for U.S. equity markets. All three major indexes closed the year with losses with the S&P 500 index down ...
Read Full Story »

Does $66 Trillion in Government Debt Mean the World Is Drowning in Debt?

It is far from a secret that the United States and other nations around the world have what sounds like an insurmountable debt load. With trillions and trillions owed to ...
Read Full Story »

More Woes Ahead for Construction in 2019

It hasn't exactly been a secret that the housing construction market and the nonresidential construction markets have slowed throughout the end of 2018 and into 2019. The big question is how these ...
Read Full Story »

Chinese Tariffs Slowing Global Economy

Just in time for the annual meeting of the high and the mighty at the World Economic Forum in Davos, Switzerland, the International Monetary Fund (IMF) has issued the January ...
Read Full Story »

CEOs Pick Top 10 Threats for 2019

If there's anything that chief executive officers dislike more than taxes, it's government regulation. Among the top threats to businesses in 2018 was an increasing tax burden, ranking number eight. ...
Read Full Story »

National Disasters Cost World $225 Billion in 2018

A new survey shows that natural disasters cost the world $225 billion last year. Most of the damage was done by weather-related catastrophes. The majority of the costs came from ...
Read Full Story »

January Consumer Sentiment Index Plunges

The preliminary University of Michigan Consumer Sentiment Index for January tumbled month over month from a final December reading of 98.3 to January's level of 90.7. The January reading may ...
Read Full Story »

11 US Natural Disasters Last Year Each Caused Over $1 Billion in Damages

Compared to 2017, last year's estimate for natural disasters causing more than $1 billion in damages appears to be a big improvement. There were 11 events in 2018 that caused ...
Read Full Story »

Student Debt Stopped 400,000 Home Sales

Between 2005 and 2014, the homeownership rate among Americans in an age range of 24 to 32 dropped by 8.8 percentage points, more than double the drop in the number ...
Read Full Story »