Personal Income and Spending Ticked Higher in November
Janet Yellen and her fellow Fed presidents have all indicated that they expect (or at least hope) inflation will return toward a 2.0% to 2.5% range.
Economy
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Durable Goods Hang Tough
Economists and business owners alike have grown used to the notion that durable goods can be among the most volatile of all monthly economic readings.
Consumer Sentiment Remains Firm Into Year’s End
What stands out about this final University of Michigan December report is that the consumer sentiment reading is bolstered handily by the current picture rather than by the expected outlook ahead.
Q3 GDP Revised Lower, but Not Enough to Matter
Gross domestic product was in line with estimates in the Bureau of Economic Analysis's final look at the third quarter.
Christmas Shopping for Rich and Poor
It might go without saying that the richer people are, the more they spend on holiday season gifts. Is there any way to measure that objectively?
Chicago Fed Sees More Slowing Growth Across Nation
The Chicago Federal Reserve has released the Chicago Fed National Activity Index with a negative reading for November, implying slight contraction.
Air Pollution Shuts Down Beijing, Threatens Industry
Beijing has issued another warning that severe air pollution has hit a level at which industrial production may be cut and that will cause people to remain in their homes.
FOMC Boosts Funds Rate by a Quarter Point
Janet Yellen and her Federal Reserve presidents have finally decided that the market conditions were supportive of a fed funds rate hike.
2016 Financial Predictions From WalletHub
Making predictions for a normal year is risky enough, but making predictions for an election year has got to be even riskier.
Ahead of the Fed Rate Hike, Industrial Production and Capacity Utilization Feel Recessionary
The numbers on industrial production and capacity utilization are looking recessionary, if you only looked at the industrial side of this equation in an economy that is now goods and services oriented.
Bonuses, Pay Raises Scarce This Christmas
Just 22% of American workers are looking forward to a Christmas bonus or a pay increase this year, according to Bankrate.com.
New York Manufacturing Less Weak, but Down 5 Straight Months
Manufacturing activity in the region of the New York Federal Reserve fell for a fifth straight month in December.
CPI Shows Enough Inflation to Give Fed Cover for Rate Hike
The Labor Department has released some news that will give the FOMC some additional cover for an excuse to raise interest rates on Wednesday.
Holiday Travelers Expected to Hit 100 Million
Over 100 million Americans will travel over the holidays, for the first time on record, according to AAA.
How the Coming Fed Funds Rate Hike Timing Looks Today
This Wednesday potentially, or likely, will mark the end of a trend that has been in place for the entire career of younger workers.