Amidst All Its Splendor, Atlantic City May Go Under
Too many businesses have left. The population has become poorer and poorer. The tax base has been decimated and essential services crippled.
Economy
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Is Fed’s Lockhart Growing More Hawkish?
Atlanta Fed President Dennis Lockhart discussed the Federal Open Market Committee's recent policy decision and his outlook for 2016, but he sounded a bit more hawkish.
Chicago Fed Sees Slower National Economic Growth in February
Monday's economic report schedule was led by the Chicago Fed National Activity Index, which showed that economic growth slowed in February.
Can an IMF Bailout Snub and Brexit Vote Finally Force Greece out of the Euro?
Europe’s most indebted government is back at it, complaining about bailout conditions and fighting for its next tranche of bailout funds.
15 Reasons That US Recession Risks Have Almost Vanished for 2016
In January and February the recession risks for the United States were picking up. Now it looks as though the biggest risks for the U.S. falling back into recession in 2016 have all but…
Ames Iowa Unemployment Rate Lowest in America at 2.5%
In January, Ames, Iowa, had the lowest unemployment rate of any city in America, at 2.5%.
The Economic Impact of St. Patrick’s Day (2016)
The National Retail Federation has projected that Americans will spend $4.4 billion on St. Patrick's Day in 2016.
Leading Economic Indicators Rise Less Than Expected
Thursday's economic reports included the Conference Board's Leading Economic Index, a look at leading economic indicators. This report has a one-month look back so its name can be misleading.
Philly Fed Shows Unexpected Return to Growth in Manufacturing
The Philadelphia Federal Reserve's Manufacturing Business Outlook Survey showed that manufacturing conditions in the region improved in March.
FOMC Lowers Economic 2016 to 2018 Growth & Fed Funds Rate Hikes Forecasts
Wednesday’s announcement from the Federal Reserve brought no rate hike on fed funds. This was virtually as expected. There was only one vote to hike rates. What has changed is that the Federal Reserve has…
No Fed Rate Hike
For those looking for a rate hike, the Federal Reserve’s Open Market Committee (FOMC) is not yet delivering just yet. The FOMC voted nine to one to keep fed funds steady at 0.25% to 0.50%. Janet Yellen’s Federal…
China to Close 240 Steel Mills, Fire More Than 1 Million Workers
The provincial governor of Hebei province said that by 2020 the government will shut down operations at 240 of the 400 steel mills that currently operate there.
3 Nations Where Negative Interest Rates Are Creating Asset Bubble Risks
Moody's is warning that negative interest rates in Switzerland, Denmark and Sweden are having unintended consequences.
CPI Again Breaches 2% Inflation, at Least Selectively
Here is where the Fed will have enough ammunition to talk rates higher: the annualized core CPI, sans food and energy, was up 2.3% in February from a year ago. That is versus a…
CEO Economic Forecast Remains Near 3-Year Low
Chief executive officers of large American companies are not becoming more upbeat on the U.S. economy in 2016 than they were in the fourth quarter of 2015.