Grocery Prices Fall for First Time in 2 Years
When the U.S. Department of Labor reported inflation numbers last week, the “food at home” category showed a drop of 0.5% on an unadjusted basis for the past 12 months. The state of Indiana’s…
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US to Have 98 Million People Over 65 in 2060
The U.S. Census Bureau expects the country to have 98 million residents ages 65 and older by 2060.
New York Fed Sees Slow Growth Persisting in 2016
The New York Federal Reserve Bank has released its 2016 economic outlook for April, and it corroborates other reports for a weak level of growth expectations in 2016.
Industrial Production and Capacity Utilization Reach Alarming Levels
Friday's deluge of economic reports included a rather grim view on both industrial production and capacity utilization in the month of March.
April Showers Bring Unexpected Decline in Consumer Sentiment
If the economic readings and the stock market have been getting better in recent weeks, then some of us might wonder why consumer sentiment dipped in April.
Fannie Mae Keeps 2016 Positive Outlook, Sees Mortgage Originations Falling 9%
Fannie Mae has released its April 2016 Economic & Housing Outlook, which sees little change for 2016, despite a slow first-quarter scenario.
El Niño Departs, La Niña Comes Knocking
Given the strength of the El Niño event this past winter, the National Weather Service has said that chances are increased for the formation of a La Niña pattern in the second half of…
59% of Americans Think Economy Is Getting Worse
Despite low unemployment, low gasoline prices and strong markers like car sales, a malaise continues dog impressions about the health of the U.S. economy.
China Economy Up 6.7% in Q1
Although it may have been above some estimates, China's economy grew less than 7% in the first quarter, according to China's National Bureau of Statistics.
Consumer Inflation Shows Lower but Mixed Readings for March
Following an unexpectedly negative Producer Price Index for March, the Consumer Price Index also showed that consumer inflation was weaker than expected for the month.
German GDP Growth Revised Down to 1.6%
Widely regarded Germany-based research firm Ifo Institute has cut its 2016 GDP forecast for the country to 1.6% from 1.8%.
Why the April Beige Book Sounds Different From the Latest FOMC Minutes
With everyone so scared about the Federal Reserve and Janet Yellen wanting to raise interest rates, the Federal Reserve’s each and every move and statement is watched closely by the public. Wednesday’s economic reporting…
Slow Wholesale Inflation and Retail Sales Likely to Dampen Fed Rate Hike Expectations
Perhaps the increase in China's exports sounds good for the global growth story, but there is more direct observation in U.S. economic data showing why Janet Yellen and the Federal Reserve are being reluctant…
Wider Than Expected Treasury Deficit in March
24/7 Wall St. decided to look closer at the budget deficit figures to see what was the driving force here, and to show what was expected and how this stacks up to other periods.
Fitch Maintains AAA Rating and Stable Outlook for United States
Fitch Ratings has affirmed the U.S. credit ratings at AAA. Fitch even gave the United States a Stable Outlook.