US GDP for 2016 Just Took a Sharp Turn Lower
Maybe America is supposed to just be happy that GDP is up at all when the rest of the world is sucking wind and suffering with negative interest rates.
Economy
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Janet Yellen and Fed Keep Rates Flat, Hint at Future Hike Chances
The Federal Reserve’s Federal Open Market Committee (FOMC) has decided to leave interest rates unchanged at its two-day June meeting. This should hardly be a surprise to any economist or to any investor, particularly…
Fed Has to Deal With Worst Durable Goods Report in Almost 2 Years
Durable goods matter because they sum up what is happening in the big-ticket items that help make up U.S. gross domestic product.
US Consumer Confidence in July Downplays Brexit Fears
investors and economists should take at least some comfort in that the consumer confidence reading was almost unchanged in July from June.
Philadelphia, One Of America’s Most Expensive Cities, Hosts Democratic National Convention
Philadelphia, home of the Democratic National Convention, is one of the most expensive cities in America, has a median household income of $62,171, a poverty rate of 13.4%, and a cost of living which…
Chicago Fed Shows Broader US Economy Not Worrying About Brexit
Maybe the U.S. economy is truly thinking "So What About Brexit!" if the Federal Reserve Bank of Chicago is to be believed.
Turkey: When a Coup Doesn’t Destroy a Market
When told of a failed coup and a round of thousands of arrests of military, government and civilian people, most investors might just assume that the local stock market would be crushed.
Cleveland Among Worst, Most Segregated, Most Miserable Cities in America
The Republican National Convention may be one of the best things that have happened to Cleveland in a long time, if it is relatively orderly.
When Wholesale Inflation Rises, Maybe
Not all that long ago, the investing community was being led to believe that the United States never would have to worry about inflation.
Fed Beige Book Positive, But Still Doesn’t Consider Many New Post-Brexit Improvements
Wednesday, July 13 brought yet another view from the Federal Reserve. The Fed’s Beige Book is a summary of commentary on current economic conditions. It was prepared at the Federal Reserve Bank of St.…
Zika Virus Sufferers Concentrated In New York, Florida
According to the CDC there were 1,133 confirmed Zika cases between the start of 2015 and early this month. Almost 40% of those cases were reported in Florida and New York. The breakout: US…
Small Business Optimism Rises in June
The National Federation of Independent Business (NFIB) Tuesday morning released its latest small business optimism index.
The Hague Arbitration Rules Against China in South China Sea Dispute
In one of the mot anticipated rulings about international law as relates to China's claim to the rights of large portions of the South China Sea, an arbitration panel has ruled against the People's…
IMF Cuts Euro Area Growth to 1.4% for 2017
The Brexit will cost the euro area dearly next year, according to the International Monetary Fund.
Impact of Digital Economy Varies Widely Throughout the World
A country's ability to take advantage of information and communications technology in order to increase its competitiveness and well-being depends on its readiness quickly to implement and adopt new technologies as they appear.