Services Economy and Employment Measures Show Slower Growth in October
Now we have two readings on the services economy that are weaker to less positive ahead of Friday's key payrolls report.
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Global Tally of Negative Interest Rates Continues to Decline
For those who view negative interest rates on sovereign debt as a tax, there is good news. For those who want to use sovereign debt as a means of building wealth rather than just…
Worker Productivity Finally Back in the Right Direction
After having been in the dumps for far too long, we are seeing a long overdue surge in worker productivity. The productivity report was better than economists had predicted.
4 Economists Offer Views on December Rate Hike Odds and Fallout
If you read through the FOMC statement on its decision not to hike interest rates on November 2, 2016, the use of ‘moderate’ and ‘modest’ was used less than before and the Federal Reserve also…
Janet Yellen and Federal Reserve Punt on Rate Hike Until After Election
With the 2016 presidential election just days away, it was widely expected that Janet Yellen and the Federal Reserve were not going to announce an interest rate hike at the November 2 two-day FOMC…
Did ADP Just Create Lower Expectations for Payrolls by the Labor Department on Friday?
Friday's Employment Situation report from the U.S. Department of Labor is perhaps one of the most widely followed economic reports of them all. It is also one of the last formal reports that people…
Thanksgiving Travelers to Hit 27.3 Million
There are roughly 315 million people in the United States. Some 27.3 million of them will be airline passengers over Thanksgiving week.
New Construction Spending Dipped Slightly in September
The U.S. Census Bureau reported Tuesday morning that construction spending in September dipped, while economists surveyed by Bloomberg News called for it to rise.
Mixed Manufacturing Index Readings Ahead of FOMC Decision on Rates
We have already seen mixed data on gross domestic product and durable goods, and now we have two fresh readings on manufacturing.
When Chicago and Dallas Economic Data Both Look Weak
Friday’s report showing 2.9% growth in third-quarter gross domestic product (GDP) may have gotten everyone’s mood off to a good start for the fourth quarter. The problem isn’t that the September data was looking…
Euro Area GDP Still Escapes Contraction in Q3
Among all the problems in Europe and the post-Brexit woes, Eurostat has released its first view of third-quarter seasonally adjusted gross domestic product.
Personal Income Gain Lags as Spending Rises and Savings Rate Drops
According to the Bureau of Economic Analysis, personal income rose less than expected in September.
How the Personal Savings Rate Stacks Up Against GDP Gain
The latest personal savings rate as a percentage of disposable income may look high on the surface. Unfortunately, it is not if you consider that the personal savings rate is actually on a downward…
Forecast for $1 Billion in 53 Days of Online Holiday Sales
Some of the key takeaways from the Adobe 2016 Digital Insights Shopping Predictions and Mobile Retail Trends Report.
The Vast Majority of Russians Disapprove of US Leadership
According to a report published by polling and analytics firm Gallup, just 1% of Russians approve of U.S. President Barack Obama’s administration. Russia’s approval rating of the U.S. leadership is the worst of any…