Commerce Department

US May Trade Deficit Widens to 2019 High Despite Tariffs

The U.S. trade deficit in goods grew to a total of $55.5 billion in May, according to Wednesday's report from the U.S. Bureau of Economic Analysis (BEA). That's wider than ...
Read Full Story »

Personal Income and Spending Both Gained in May

Wages are up and inflation remains subdued. That's the message from the U.S. Department of Commerce on its May 2019 personal income and spending report. Whether these are up by ...
Read Full Story »

Weak Durable Goods in May Should Act as a Drag on Q2 GDP

If there is one industrial component that can help sway the impact of gross domestic product (GDP), look no further than the monthly report on durable goods. These big-ticket items ...
Read Full Story »

Fed Models Suddenly Call for Stronger Than Expected GDP Growth

With all the media's calls for a recession in the coming quarters, the public frequently gets very mixed information and opinions about the real state of the economy. The first ...
Read Full Story »

Why the Housing Market Should Remain Firm in 2019

Freddie Mac knows a thing or two about the housing market. Despite all the controversy of the past, and being in federal government conservatorship, and even considering President Trump's efforts ...
Read Full Story »

Weak Retail Sales May Sour GDP Growth Targets for the Second Quarter of 2019

Retail sales are often volatile on a monthly reporting basis, and the markets are getting to deal with a fresh round of negative news when it comes to the consumer ...
Read Full Story »

Strong 3.2% GDP Growth in Q1 Creates Confusion for Bulls and Bears Alike

The economy is running much hotter than economists, investors and Federal Reserve officials would have guessed. Real gross domestic product (GDP) rose by an annualized rate of 3.2% during the ...
Read Full Story »

The Death of Retail Sales May Have Been Premature

It was not that long ago that the financial markets had to deal with serious disappointment in the December figures for retail sales. There was some thought at the time ...
Read Full Story »

Q4 GDP Provides Backdrop for Stronger 2018 Growth Story

At the end of 2018, the stock market was in freefall mode due to slower economic readings and fears that earnings growth was about to dry up. The federal government ...
Read Full Story »

Airplanes Boost November Durable Goods Orders

The U.S. Department of Commerce reported Friday morning that durable goods orders for November rose by 0.8% compared to the prior month to $250.8 billion. The October total was revised ...
Read Full Story »

Why Q3 GDP Revision Soothed the Markets

The U.S. Department of Commerce has issued its first revision to third-quarter gross domestic product on Wednesday morning — with no real revision. The preliminary gain for GDP was maintained ...
Read Full Story »

GDP Growth Rate Slows Down to 3.5%

The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) on Friday issued its "advance" (first of three) estimate of third-quarter 2018 gross domestic product (GDP). According to the BEA, ...
Read Full Story »

What Matters Most in Q3 GDP

Friday will be showtime for the first reading on third-quarter gross domestic product (GDP). This is the ultimate measurement of the U.S. economy, which is now running in the $20 ...
Read Full Story »

Why Q3 GDP Report Already May Be Second Fiddle to Q4 Outlook

If there is one economic figure that can measure the overall U.S. economy, the top one is gross domestic product (GDP). This Friday's GDP report will be highly watched by ...
Read Full Story »

While Q2 GDP Is Revised Up, Expectations for Q3 GDP Start to Take Shape

Wednesday's economic reporting brought the first revision to second-quarter gross domestic product (GDP). The preliminary report showed 4.1% GDP growth in the United States, and the revision ticked higher to ...
Read Full Story »