To determine the economic impact of the big storms that hit the U.S. in 2017, the Federal Reserve turned to First Data Corp.’s swipe information for answers. With the data, they were able to get information in real time that would have otherwise taken weeks,...
There may be worker shortages, but there is no shortage of job gains. ADP and Moody’s Analytics reported Wednesday that private payrolls in the United States surged by 219,000 positions in July, topping the 185,000 spots seen by economists. The surge was broad-based, save for...
Trump’s tariffs on billions of dollars-worth of imported Chinese goods are starting to take its toll on the Chinese economy and could usher in a bigger stimulus for the country. According to a report in The Wall Street Journal (WSJ), citing a meeting of the Politburo,...
Driven by spending at restaurants and on accommodations, U.S. consumer spending increased in June, setting the stage for a strong economy heading into the third quarter. According to a report in Reuters citing the Commerce Department, consumer spending rose 0.4 percent in June. Meanwhile, data was...
Economic growth? It all amounts to a hill of beans. A really big hill of beans. Okay, we’re not being literal. But the economic data released Friday morning shows that rushing a lot of product out the door – in this case, the commodity that...
Trade disputes and other features of rising global uncertainty aren’t enough to deter U.S. corporations from remaining optimistic, according to the New York Times. Reports this week highlighted the National Federation of Independent Business’s (NFIB) latest optimism index, which recently reached new highs. The NFIB’s...
A new survey from the National Association for Business Economists suggests economists are optimistic about U.S. wages and employment, though not yet because of tax reform. Reports in Fortune said the NABE’s Business Conditions Survey, published Monday (July 16), found 68 percent of the 98...
Market watchers have sent out a warning that the U.S. economy might be heading toward a recession. According to Reuters, the rise of risk premiums on investment-grade corporate bonds over comparable Treasuries, which have been increasing since February, is one factor that has analysts worried....
The United States economy added more jobs than had been expected in June, with manufacturing gains notable in terms of verticals. Reuters reported Friday that gains in the employment rosters also show traction in inflation, which means that rate increases are still on the horizon....
