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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 […]

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 […]

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 […]

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.

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 […]

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 […]

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 […]

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 […]

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, […]