Personal Income Rising, Spending Flat
What seems to be happening is that consumers are becoming more and more frugal. Personal income rose in December but consumer spending was flat.
Economy
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Newest first · Page 236Flint’s Troubled Demographics By The Numbers
Flint’s water pollution problems have put the city at the center of the nation’s attention. The primary cause corroding pipes and water with high lead content. The source–the Flint River. Flint’s deep problems range…
January Consumer Sentiment Dragged Down by Market Volatility and Wage Expectations
The Index of Consumer Sentiment from the University of Michigan's survey of consumers ticked down to 92.0 from the much stronger than expected 93.3 shown in the January preliminary reading.
Employment Cost Index Rises, With Some Caveats
The Bureau of Labor Statistics Employment Cost Index for the fourth quarter of 2015 shows that compensation costs for civilian workers rose.
Business Credit Ticks Higher in January
What does it tell you when the National Association of Credit Management reports that its Credit Managers’ Index is trending upward with a modest increase in January?
GDP Falls Short of Estimates as Savings, Exports, Business Spending Act as Drags
Friday's big report was the Bureau of Economic Analysis release of gross domestic product (GDP) for the fourth quarter of 2015. This initial reading was softer than expected.
Fitch Highlights More Risks to Emerging Markets and High-Yield Credit
Fitch said that emerging markets are now more negative than their developed market equivalents in core sectors.
Kansas City Fed Manufacturing Index Now Down 11 Straight Months
The Federal Reserve Bank of Kansas City is not one of the more widely followed regional Fed branches, but it does offer a view of the agricultural and energy sectors that so many people…
Jobless Claims Sees a Break in Prior Gains
The U.S. Department of Labor has released its weekly jobless claims for the past week, and we finally saw a drop. The trend of late had been that claims were rising.
Very Weak Durable Goods Could Cloud GDP Hopes
Those hoping that fourth-quarter gross domestic product is going to look good on Friday are going to have to factor in a really bad durable goods report for the month of December.
Harvard Endowment Tops $36 Billion
Yale's endowment rose 7% last year but trailed Harvard's by a mile. Harvard's endowment rose slightly to $36.5 billion.
With Dovish FOMC, Bond Yields Fall
What are investors supposed to make of the January FOMC meeting? The verdict was that the 10-0 unanimous vote by Janet Yellen and her Fed presidents was dovish, with the promise that rate hikes…
FOMC Stays Dovish
Janet Yellen and The Federal Reserve’s Federal Open Market Committee have done just what the markets formal expected – nothing! The Fed Funds rate was left flat at a target of 0.25% to 0.50%…
Rationale for Rate Hikes Continues to Sink Into January FOMC Meeting
It seems very unrealistic, or like too much of a risk, that Fed Chair Janet Yellen and the Federal Reserve presidents would vote to raise interest rates now.
Harvard Receives $1 Billion, as 2015 College Donations Top $40 Billion
Since many of the richest people in America presumably went to the most elite universities, the college donation trend makes sense.