Fed releases report on economic conditions

March 3rd, 2016  // News

The Federal Reserve's Beige Book indicates improvement in hiring, consumer spending, loan demand and home sales. Fed officials will meet this month to discuss the possibility of another interest-rate increase and other issues. Read more

Fed official notes rising economic risks

March 2nd, 2016  // News

William Dudley, president of the New York Federal Reserve, projects growth of about 2% for the US economy this year but says he has gotten less confident. Dudley cites in particular the recent turbulence in global markets, one of the developments that could lead the Fed to delay further interest-rate increases. Read more

Pending home sales, factory data show weakness

March 1st, 2016  // News

New data temper optimism over the course of the US economy, with pending home sales in January falling to their lowest level in 12 months and factory activity slowing in the Midwest and staying weak in Texas. However, other sectors of the economy continue to point to growth. Read more

G-20 backs monetary policy, spending to bolster economy

February 29th, 2016  // News

Group of 20 finance ministers have rejected the idea of adopting additional policies to deal with deepening economic problems, instead encouraging countries to better use monetary policy, increase spending and implement structural change. The global economy is in better shape than what market volatility suggests, according to a post-meeting communique. Read more

US durable goods orders surge

February 26th, 2016  // News

US orders for durable goods bounced back strongly in January, rising 4.9% after dropping 4.6% a month before. It was the biggest gain since March 2015 and is considered an encouraging sign for the long-struggling manufacturing sector. Read more

Service sector slips into contraction

February 25th, 2016  // News

The service sector that underpins the US economy contracted this month, with the Markit preliminary purchasing managers' index for the sector sliding to 49.8 from 53.2 in January. It was the worst showing in more than two years and the second worst since 2009. Severe winter weather was a contributing factor, but analysts see additional headwinds in months to come. Read more

Index shows rising home prices in 20 cities

February 24th, 2016  // News

The S&P/Case-Shiller index of property values in 20 cities rose 5.7% in December compared with the same month during the previous year. Portland, Ore., led the way with an 11.4% year-over-year increase. San Francisco and Denver were next on the list. Read more

These 4 states are already in recession

February 23rd, 2016  // News

Indexes of state economic performance monitored by Moody's Analytics suggest that North Dakota, West Virginia, Alaska and Wyoming and are already in recession. In addition, New Mexico, Louisiana and Oklahoma could slip into recession. The strong dollar and a decline in the energy industry are among the challenges facing state economies. Read more

Moody’s: Global stock rout may spill over to real economy

February 22nd, 2016  // News

The world's real economy may soon begin to feel the effects of sliding stock markets, Moody's warned. "Investors may start to price in the possibility of lower economic growth and returns, which could become partly self-fulfilling via negative wealth effects and tighter financing conditions," said Marie Diron, senior vice president of Moody's. Read more

US initial unemployment claims lowest in 3 months

February 19th, 2016  // News

First-time jobless claims in the US fell by 7,000, to 262,000, last week, the smallest number since the last week of November, the Labor Department said. The four-week rolling average, which economists say better indicates labor-market trends, fell by 8,000, to 273,250. Read more





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