Economy News Updates

Government, Business, Logistics

Fed Says Tariff Concerns Cloud Otherwise Solid Growth Outlook

New tariffs and concerns over widening trade disputes cast a shadow over the Federal Reserve’s most recent survey of U.S. businesses even as all 12 regions reported continued robust job growth with few signs of overheating.

April 18, 2018
Government, Business

Soon-to-Be New York Fed Chief John Williams Sees Little Risk in Rate Hikes

John Williams, who will take the helm of the Federal Reserve Bank of New York in June, played down risks the yield curve would become inverted as the U.S. central bank gradually raises interest rates.

April 18, 2018
Business

Housing Starts Top Forecasts on Multifamily Construction

New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed April 17.

April 17, 2018
Business

IMF Spots Trouble for Global Economy After 2020

The International Monetary Fund predicted the world economy’s strongest upswing since 2011 will continue for the next two years but warned the seeds of its demise already may have been planted.

April 17, 2018
Business

Factory Output Cools After Surging in Previous Month

U.S. factory production cooled in March after surging a month earlier, representing a pause in an otherwise strong manufacturing sector, Federal Reserve data showed April 17.

April 17, 2018
Government, Business

Stock Selloff Deepens Amid Trump Trade Jabs

The selloff in U.S. stocks deepened April 6 as the White House’s latest trade bluster rattled global financial markets.

April 6, 2018
Government, Business, Logistics

Treasury Secretary Steven Mnuchin Says There’s ā€˜Level of Risk’ of US-China Trade War

Treasury Secretary Steven Mnuchin said there is ā€œa level of riskā€ that the tariff dispute between the United States and China will erupt into a full-scale trade war, though he’s ā€œcautiously optimisticā€ that the world’s two largest economies will resolve differences through negotiations.

April 6, 2018
Business

Consumer Credit in US Rises by Lowest Amount in Five Months

U.S. consumer debt rose in February by the least in five months as credit card balances stalled, indicating Americans’ appetite for borrowing waned further after a fourth- quarter shopping spree.

April 6, 2018
Business

Manufacturers Add 22,000 Jobs in March

President Donald Trump argues that he’s getting tough on China’s trade practices to keep domestic manufacturers from dying. One hole in that argument: American factories are coming back to life on their own.

April 6, 2018
Government, Business

Payrolls Rise Below-Forecast 103,000 as Wages Pick Up

U.S. hiring cooled in March after a strong February while wages picked up, returning labor-market progress to a more sustainable pace that keeps the Federal Reserve on track for further interest-rate increases.

April 6, 2018