Economy News Updates

Government, Business

US Economic Growth ‘Slight to Moderate’ in Recent Weeks

Economic growth in recent weeks ranged from “slight to moderate†across the U.S. central bank’s regional districts as wages and inflation remained generally subdued, a Federal Reserve survey showed.

July 12, 2017
Business

Americans' Views of Economy Dim in Weekly Consumer Comfort Gauge

Americans’ perceptions about the economy took a big step back last week even as their views about their own finances and the buying climate stabilized, Bloomberg Consumer Comfort Index figures showed June 6.

July 6, 2017
Business

Tepid Consumer Spending Keeps Economic Rebound On Track

The tepid pace of U.S. consumer spending in May was nevertheless enough to keep the economy on track for a rebound in the second quarter, helped by income gains.

June 30, 2017
Government

Narrower Trade Gap May Boost Growth Pace in Second Quarter

The narrower U.S. merchandise trade deficit and increases in inventories may boost analysts’ tracking estimates of economic growth this quarter.

June 29, 2017
Government, Business

Consumer Confidence Unexpectedly Rises

An unexpected rebound in U.S. consumer confidence reflects a buoyant labor market and improved business conditions.

June 28, 2017
Government, Business

IMF Cuts US Economy Outlook, Calls Trump's Growth Target Unlikely

The International Monetary Fund cut its outlook for the U.S. economy, removing assumptions of President Donald Trump’s plans to cut taxes and boost infrastructure spending to spur growth.

June 28, 2017
Government, Business

Slowdown in Business-Equipment Orders May Weigh on Growth

Commerce Department data showed an unexpected decline in U.S. orders for business equipment.

June 26, 2017
Government

Ohio EPA to Lower Nitrogen Oxide Output; Effort to Be Funded by $71.4 Million from VW

Ohio expects to receive $71.4 million from the Volkswagen Mitigation Trust Agreement between 2017 and 2027 to fund projects to reduce nitrogen oxide emissions from commercial trucks and other sources in the transportation sector, the Ohio Environmental Protection Agency said.

June 26, 2017
Government

Surging Prices for New °®¶¹´«Ã½s Suggest Tight Low-End Supply

Record prices for new U.S. homes amid a sales pickup indicate the supply of houses may be tight at the lower end of the market, pinching first-time buyers, government data showed June 23.

June 23, 2017
Business

Jobless Claims Show Tight Labor Market, Even With Increase

The slight gain in filings for U.S. unemployment benefits last week is still consistent with a resilient job market, Labor Department figures showed June 22.

June 22, 2017