Consumer Confidence Increased More Than Forecast in January
U.S. consumer confidence was stronger than expected in January and hovering near a 17-year high as households grew somewhat more upbeat about employment and the economy, according to figures out Jan. 30 from the Conference Board in New York.
January 30, 2018Consumer Spending Rose in December, Saving Rate Dipped
U.S. consumer spending rose at a solid pace in December after an upwardly revised advance a month earlier as shoppers splurged during the holiday season. While incomes also rose, the saving rate fell to a fresh 12-year low.
January 29, 2018Economy Doing Just Fine But 3% Growth Still a Challenge
Despite fourth-quarter U.S. growth missing forecasts, the world’s largest economy is doing just fine. The latest results also underscore just how challenging it will be to reach President Donald Trump’s goal of a sustained 3% pace.
January 26, 2018Orders for Durable Goods Increase by Most in Six Months
Orders placed with U.S. factories for durable goods increased in December by the most in six months, providing more evidence of a bustling industrial sector.
January 26, 20184Q GDP Growth Less Than Expected, but Trucking Outlook Still Good
The U.S. economy expanded at a slower-than-projected pace in the fourth quarter on drags from trade and inventories, offsetting strength in consumer spending and business investment that signals solid momentum entering 2018.
January 26, 2018Jobless Claims Rise From Lowest in Almost 45 Years
U.S. filings for unemployment benefits increased a week after plunging to the lowest level since 1973, underscoring a still historically tight jobs market, Labor Department figures showed Jan. 25.
January 25, 2018Existing-Home Sales Decline as Supply Drops to Record Low
Sales of previously-owned U.S. homes fell in December for the first time in four months, as the market struggles with record-low supply and rising prices, figures from the National Association of Realtors showed Jan. 24
January 24, 2018IMF Raises 2018 Global Growth Forecast, Partly on US Tax Cuts
Global growth will accelerate to the fastest pace in seven years as U.S. tax cuts spur businesses to invest, the International Monetary Fund said.
January 22, 2018Consumer Sentiment Unexpectedly Falls to a Six-Month Low
Consumer sentiment unexpectedly declined in January to a six-month low as American households viewed the economy less favorably, a University of Michigan report showed Jan. 19.
January 19, 2018Economic Optimism Keeps Consumer Comfort Near 17-Year High
Americans grew more upbeat last week about the economy’s performance and the buying climate, allowing a measure of consumer sentiment to remain at an almost 17-year high, the Bloomberg Consumer Comfort Index showed Jan. 18.
January 18, 2018