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ThinkstockA new study from the Organisation for Economic Co-operation and Development (OECD) projects that global economic growth will slow and income inequality will continue to rise to 2060. The...
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ThinkstockTuesday brought two manufacturing readings for measuring the U.S. economy. The data might be considered mixed when you look at the Markit PMI reading versus the ISM Manufacturing Index....
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ThinkstockWith all the quantitative easing in the United States, Europe, Japan, China and elsewhere, you would think that trajectory for the global recovery and global growth is well on track. It...
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ThinkstockThe sequential 2.9% decline in U.S. gross domestic product (GDP) in the first quarter of 2014 was lower than expected and the largest drop since the first quarter of 2009. There was at...
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ThinkstockGasoline prices, which have been inching higher for months, now top $3.67 per gallon for regular, on average, nationwide. At some point, the rising price will batter consumer spending,...
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ThinkstockTwo economic readings will be the talk of the market on Wednesday. The first is a very poor turnout of first quarter gross domestic product (GDP) revision. The second is a durable goods...
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ThinkstockThe Federal Reserve Bank of Richmond manufacturing index showed an unexpected drop in the month of June, falling to a reading of 3 from 7 in May. Bloomberg’s consensus estimate had the...
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By International Monetary Fund [Public domain], via Wikimedia CommonsBarely masked in the International Monetary Fund (IMF) downgrade of U.S. GDP growth for 2014 was a warning. Without policy...
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Jon OggThe International Monetary Fund (IMF) has released its 2014 Article IV Consultation with the United States of America. The Article IV highlighted five themes that the IMF feels would...
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The United States economy grew 1.9% in 2013, down from the 2.8% growth rate in 2012. GDP growth of all but two states was positive last year, although economic growth at the state level varied...
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The United States economy grew 1.9% in 2013, down from the 2.8% growth rate in 2012, as growth in the world’s largest economy remained inconsistent. The largest contributors to the national economy...
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ThinkstockThe Federal Reserve has issued its latest Beige Book, summarizing the comments received from businesses and other contacts outside the Federal Reserve. While investors flock to this as Fed...
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ThinkstockThe ISM Non-Manufacturing Index rose to 56.3 in May from 55.2 in April. The gain might not look like that much, but investors and economic watchers need to consider that this was actually...
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ThinkstockThe so-called U.S. trade balance, what the rest of us have referred to for years as the trade deficit, came in at a much worse reading than expected for the month of April: -$47.2 billion....
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Thinkstock ISM has reportedly been an error and the numbers are being updated to show more growth rather than lower growth. There were apparently seasonal adjustment errors from ISM. Original article...
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