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

US posts 1st industrial-production gain since July

February 18th, 2016  // News

US industrial output rose 0.9% last month, mostly because of increased activity by manufacturers and utilities, according to the Federal Reserve. The expansion, the first since July, is triple the improvement expected by economists polled by MarketWatch. Read more

Capital markets slowdown may be ahead

February 17th, 2016  // News

There was a decrease in the number of bonds and stocks companies registered to sell in January, indicating that capital markets activity may decline, according to data from CUSIP Global Services. Companies are wary of entering the markets while they are so volatile, said Richard Peterson of S&P Capital IQ. Read more

Consumer spending returns to growth in US

February 16th, 2016  // News

Core US retail sales grew 0.6% in January, reversing a 0.3% decline in December, the Commerce Department said. Also, a University of Michigan survey found that consumers are generally optimistic and say their purchasing power will benefit from low inflation. Read more

Fed didn’t cause stock market volatility, Yellen says

February 12th, 2016  // News

The Federal Reserve's first interest-rate increase in nine years isn't the reason markets are volatile, says Janet Yellen, head of the central bank. The increase had little effect on markets because investors expected it, she told the Senate banking committee. Oil prices and the value of China's currency are driving the turmoil, Yellen said. Yellen also faced questions about major banks' "living wills" and the Fed's stress tests. Read more

Yellen signals rates will rise gradually

February 11th, 2016  // News

Despite challenges globally and in the US, Federal Reserve Chair Janet Yellen said the central bank isn't planning to reverse course. "I don't think it is going to be necessary to cut rates," she told the House Financial Services Committee. However, economic conditions are evolving, warranting "only gradual increases," Yellen said. Read more

Fed chief may offer rate clues this week

February 9th, 2016  // News

Federal Reserve Chair Janet Yellen is due to address Congress this week. She could take a balanced approach in her testimony, touting the positive aspects of the economy while noting rising global risks. Observers will be watching for hints of another rate boost in March. Yellen might leave that door open, analysts say. Read more

More taxpayers renounce ties with US

February 8th, 2016  // News

Treasury Department data show that 4,279 people renounced their US citizenship or long-term residency last year -- a new record. The growing number of renunciations may be linked to a campaign by the US to step up enforcement efforts against undeclared offshore accounts, experts say. Read more

Employers added 151,000 jobs last month

February 5th, 2016  // News

The US economy gained 151,000 jobs in January, and the unemployment rate edged down to 4.9%, according to the Labor Department. The unemployment rate dropped below 5% for the first time since 2008. Read more

US dollar skids on more evidence of cooling economy

February 4th, 2016  // News

The value of the dollar has tumbled in recent days against other major currencies. The data add to evidence that the economy might be taking a turn for the worse, something analysts will have in mind as they await January's employment report, due Friday. Read more

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