ThinkstockThe U.S. Treasury Department auctioned $29 billion in 7-year notes today at a high yield of 1.932%, the highest yield on the 7-year notes since July of 2011. The bid-to-cover ratio was 2.61, within…
ThinkstockThe manufacturing survey from the Kansas City Federal Reserve Bank posted a reading of -5 in June, down from 2 in May and equal to the readings in March and April. A reading above…
ThinkstockIf you are between the ages of 18 and 29, you think you have more job security today than you did a year ago. Only 18% of workers older than that feel more secure…
Ed Brown, via Wikimedia CommonsWe have two key pieces of employment data for Thursday’s key economic reports. Weekly jobless claims data is out from the U.S. Labor Department and personal income and spending data…
courtesy Boeing Co.For the first time since 1998, global military spending is down. This coincides with a major decline in U.S. spending, which fell by more than $40 billion between 2011 and 2012. Even…
ThinkstockAn increasingly long list of private economists, credit firms and investment banks have downgraded China’s growth prospects. The latest comes from Fitch, one of the world’s largest credit rating agencies. And if such a…
ThinkstockThere is a debate, based on official government figures, private assessments and forecasts, about whether Germany is one of the few large nations in the world that has entered a true recovery. New information…
ThinkstockThe Commerce Department has released its second and (supposedly) final reading of the first-quarter gross domestic product (GDP) for 2013. As this is a second revision, it would require a significant revision to have…
ThinkstockA recovery of the overall German economy has been questioned, based on negative data from Eurostat and Markit. New information from GfK states that Germany has not only recovered from economic doldrums, but that…
ThinkstockThe Conference Board has released its consumer confidence reading for the month of June. This report is much broader in the sampling than the consumer sentiment report from the University of Michigan, and the…
Courtesy EADS/AirbusDurable goods figures are one of the most volatile economic releases issued each month. The Commerce Department report for May shows a very positive surprise of 3.6% to a seasonally adjusted $231 billion.…
ThinkstockSingapore is currently the most competitive city in the world, beating out New York and London, according to the Economist Intelligence Unit (EIU), which focuses on global research. However, says the EIU, by 2025,…
ThinkstockThe Federal Reserve Bank of Dallas is out with regional economic data for the month of June. The Manufacturing Production Index rose to 17.1 in June from 11.2 in May. The Business Activity component…
ThinkstockLike his colleague James Bullard at the St. Louis Fed, New York Fed President William Dudley thinks the last week’s Federal Open Market Committee (FOMC) statement was not the best the central bank could…
ThinkstockThe Federal Reserve Bank of Chicago has issued its National Activity Index (CFNAI) for the month of May. While the number appears to be an improvement over April, it is unfortunately still a negative…