The second-quarter U.S. gross domestic product has been revised slightly higher to 1.7% in its first revision. The initial Q2 GDP was originally reported as being up 1.5% and both Bloomberg and Dow Jones had…
The Federal Reserve Bank of Richmond is out with its August report on manufacturing activity in the central Atlantic region. The report is a negative, but the Richmond Fed also noted that the contraction…
The Conference Board is out with its newest read on consumer confidence. The reading from August is a huge disappointment at 60.6, compared to a Bloomberg consensus target of about 65.8 and to July’s…
Mario Draghi has backed out of his speech and attendance at the coming economic symposium in Jackson Hole, Wyoming. The issue is said to be scheduling with events in Europe and London, while trying…
The president of the Cleveland Federal Reserve Bank, Sandra Pianalto, gave a speech today that pretty much sums up the recent actions taken by the FOMC, of which she is a voting member. In…
The Dallas Federal Reserve is out with its August manufacturing and business activity report. The report on business activity came in to -1.6 in the month of August, versus a reading of -13.2 in…
In a speech in Hong Kong, Chicago Fed President Charles Evans laid out his current thinking on the U.S. economy. The money quote comes in his final two sentences: I don’t think we should…
Along with whatever setbacks Isaac has caused to the Republican National Convention in Tampa as it crosses the Florida Keys into the Gulf of Mexico, estimates of property damaged which could be triggered by the system have…
The Commerce Department is out with its report on durable goods for the month of July. The report shows that the headline data was up by much more than expected at +4.2%. Dow Jones…
Tropical Storm Isaac is expected to be Hurricane Isaac early next week as it approaches the United States. While this has listed a bit more to the west in direction since the projections by…
We now have the Minutes of the August 1, 2012 FOMC meeting, and the long and short of the matter is that more Federal Reserve officials are getting on board for more quantitative easing…
flickr/canonnycA report released on charitable giving this week shows that the residents of some states appear to be far more generous than others. The average Utah household earning more than $50,000 a year gave…
You have heard over and over that more and more regulation is hurting the banking and finance sector, but what about the good old manufacturing sector? A new report from NERA Economic Consulting was…
The Conference Board has released its Leading Economic Indicators. The report, much of which is known before the release, managed to come in above expectations. This report came in at +0.4% rather than the…
The Philadelphia Federal Reserve’s August Business Outlook Survey was released this morning, and the survey’s diffusion index rose to -7.1 from a -12.9 reading in July. A poll of economists at MarketWatch had expected…