Manufacturing activity fell in January

February 2nd, 2016  // News

The Institute for Supply Management's factory index recorded a 48.2 reading in January, indicating contraction. It was the fourth consecutive monthly decline in manufacturing activity, as companies continued to deal with challenges such as a strong dollar and weakness in the oil industry. Separately, a report from the Commerce Department showed that consumer spending held steady in December. Read more

US posts 0.7% GDP growth for Q4

February 1st, 2016  // News

US GDP expanded at an annual rate of 0.7% in the fourth quarter, down from 2% growth in Q3. An inventory glut, mild weather that affected consumer spending and a strong dollar dragged on Q4 growth. The economy expanded 2.4% last year. Read more

US manufacturing weighed down by slump in oil prices

January 29th, 2016  // News

Evidence is emerging that low oil prices are beginning to create a drag beyond the US oil sector, with a broadly based 5.1% plunge in orders for durable goods in December. Economists fear that consumers are unable to take up the slack left by falling output and business investment. Separately, however, initial claims for unemployment benefits last week fell back from a six-month high the previous one. Read more

Fed affirms rate scenario but will monitor global developments

January 28th, 2016  // News

Federal Reserve policymakers omitted a reference to "balanced" risks in the global economy in a post-meeting statement Wednesday that reaffirmed their commitment to raising interest rates. As expected, rates were left unchanged. Read more

How will the Fed proceed with monetary policy?

January 27th, 2016  // News

The Federal Reserve is not expected to change its interest rates this week, but its policy statement will be scrutinized to see if events around the world are affecting officials' assessment of the economy. Read more

Companies plan pay hikes even as sales growth, GDP expectations decline

January 26th, 2016  // News

Forty-nine percent of businesses said they raised pay in the fourth quarter, and 58% say they intend to do so in the current one, according to a National Association for Business Economics survey. However, only 47% of companies said sales rose in Q4, a decrease from Q3. Expectations for gross domestic product growth also have dropped. Read more

Index: US consumer sentiment improving, but still gloomy

January 25th, 2016  // News

US consumers register concern over global markets' shaky start to the year, but are more optimistic about the near-term future than they have been in seven months, according to the Bloomberg Consumer Comfort Index. There are still more pessimists than optimists. Read more

Jobless claims add to US economic worries

January 22nd, 2016  // News

One of the recent reliably strong data points in the US economy is beginning to look less certain. The number of Americans filing for initial jobless benefits rose to 293,000 last week. The figure was the highest since July and joins other indicators pointing to a sharp economic slowdown in the final weeks of 2015. Read more

World leaders contemplate grim oil picture at Davos

January 21st, 2016  // News

The fate of oil overhangs the discussions of policymakers and thinkers gathered at the World Economic Forum in Davos, Switzerland, with fears that prices may have much further to fall beyond the foreseeable future. Even when oil eventually comes back, observers say, prices are likely to fall far short of where they were before the long-running rout began. Read more

CBO predicts $544B deficit in fiscal 2016

January 20th, 2016  // News

The US deficit will reach $544 billion -- 2.9% of the country's economic output -- in fiscal 2016, according to the Congressional Budget Office. That's up from $439 billion during the previous year. The CBO also expects deficits to total $9.4 trillion in the next 10 years, a sum that is $1.5 trillion higher than its forecast in August. Read more





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