US Stocks Head Lower, Following Drops Overseas - ABC News

The U.S. stock market slid to start the week, following European markets down. Indexes recovered some of their losses by late morning. KEEPING SCORE: The Dow Jones industrial average fell 81 points, or 0.5 percent, to 17,033 as of 10:58 a.m. Eastern ...

Monday, September 29, 2014

Factory construction boosts economy - USA TODAY

After years of factory closings shrank the nation's industrial footprint, a mini-boom in plant construction is beginning to reverse the trend and fuel faster economic growth. A 12.6% surge in spending on non-residential structures — notably new and ...

Monday, September 29, 2014

Business Economists See Lower Interest Rates than the Fed Sees in Late 2015 - Wall Street Journal (blog)

Business economists are skeptical that the Federal Reserve's benchmark interest rate will top 1% by the end of next year as central bank officials project. The poll of 46 professional forecasters by the National Association for Business Economics ...

Monday, September 29, 2014

Buoyant Dollar Recovers Its Luster, Underlining Rebound in US Economy - New York Times

Yet the recent rally in the dollar — it has gained about 3.2 percent against the euro since Aug. 20, and about 8 percent against the yen since July 1 — underscores expectations that the United States economy will continue to grow at a faster clip ...

Friday, September 26, 2014

Stocks rally on strong GDP news - USA TODAY

Calm returned to Wall Street Friday morning as stocks rallied from the opening bell as traders reacted to news of the fastest economic growth since 2011. Following Wednesday's 264-point plunge, the Dow Jones industrial average was up about 70 points, ...

Friday, September 26, 2014

Get ready for rising interest rates — and stocks - MarketWatch

There is increasing evidence the Federal Reserve will tighten monetary policy in the next year, ending its bond-buying efforts and positioning itself to raise interest rates. Quantitative easing is effectively over, with the stimulus program scheduled ...

Friday, September 26, 2014

Here are predictions on unemployment rates, economic growth from new ... - The Plain Dealer - cleveland.com

For starters, she's projecting that the nation's unemployment rate will drop to about 5.5 percent by the end of next year, down from the current 6.1 percent and from the recent high of 10 percent in 2009. She believes this will be the new norm for full ...

Thursday, September 25, 2014

Janet Yellen and the Federal Reserve Are Right to Focus on Jobs - U.S. News & World Report

Federal Reserve policymakers reiterated their expectation this week that they would keep interest rates low for a “considerable time” after they end the Fed's large-scale asset purchase plan (a.k.a. “quantitative easing”), most likely after their next ...

Thursday, September 25, 2014

Fed Trio Urges Patience on Interest Rates Amid Cooling Inflation - Bloomberg

Three Federal Reserve presidents are calling for patience as the central bank weighs when to raise interest rates above zero, arguing moving prematurely poses a greater risk to the economy than waiting too long. “We should be exceptionally patient in ...

Thursday, September 25, 2014

What do rising interest rates mean to you? - USA TODAY

Regardless of when it happens, the Federal Reserve will begin increasing the federal funds rate from its current range of zero to 0.25%. Once that happens, all other interest rates will rise and usher in a new world of new opportunities and dangers for ...

Wednesday, September 24, 2014

Beyond GDP: US states have adopted genuine progress indicators - The Guardian

The Genuine Progress Indicator (GPI) offers an alternative to the Gross Domestic Product (GDP), which has been used at national and state levels since Simon Kuznets presented it to Congress in 1934, despite his warning of the oversimplifications ...

Wednesday, September 24, 2014

US Acts to Curb Firms' Moves Overseas to Avoid Taxes - New York Times

But they could include pending inversion deals, like the one involving AbbVie, an Illinois-based pharmaceutical company that is in the process of acquiring its smaller British rival, Shire, or the Minneapolis medical device maker Medtronic, which is ...

Tuesday, September 23, 2014

US economy may need to exceed full employment for inflation to rise: Fed's Dudley - Reuters

"We need the economy to run a little hot for at least some period of time to push inflation back up to our objective," Dudley said at a conference organized by Bloomberg News. "I can certainly imagine a scenario where the unemployment rate dips a ...

Monday, September 22, 2014

US economy slowed in August but is on track for solid second half - TradingFloor.com

Interpreting the CFNAI should be done relative to trend growth, so a negative reading implies that the US economy grew at a slower-than-trend pace in August. The less volatile three-month moving average stayed above zero at 0.09, but, and so too did ...

Monday, September 22, 2014

Free exchange - The Economist

SINCE cash was invented in the seventh century BC, it has generally been the most convenient way to pay for everyday purchases. But as electronic payments get easier—most recently with the launch of a “contactless payment” system by Apple—economists ...

Saturday, September 20, 2014

California adds 44200 jobs in August - Los Angeles Times

California outpaced its recent job growth as employers added 44,200 nonfarm positions in August — far more than any other state. But for the third straight month, the state unemployment rate remained flat at 7.4%, according to Employment Development ...

Friday, September 19, 2014

What shipping can tell us about the global economy - Fortune

The economy is recovering, Right? Look at the latest government data, and it's not entirely clear. The Labor Department in September reported disappointing growth in employment, but other surveys for the same period said the labor market was strong.

Friday, September 19, 2014

European stocks climb with focus on Fed, Scotland - Business Recorder

Wall Street hit a fresh record on Wednesday and Asian stocks rose overnight after the Federal Reserve stuck to its slow-but-steady plans to tighten monetary policy. European markets held onto gains ... "With overall market risk subsiding, investors ...

Friday, September 19, 2014

Fewest Americans Since October 2013 See U.S. Economy Improving - Bloomberg

Twenty percent of those surveyed saw the economy improving, the smallest share since October, when the partial shutdown of the federal government rattled households. Bloomberg's weekly sentiment index improved as consumers grew more upbeat about ...

Friday, September 19, 2014

New York City's Unemployment Rate Drops to Lowest Level Since 2009 - New York Times

New York City's unemployment rate fell faster in August than in any month on record, to 7.3 percent from 7.8 percent in July, the State Labor Department reported on Thursday. The decline took the city's unemployment rate to its lowest level since ...

Friday, September 19, 2014

US Household Wealth Hits Fresh Record - Wall Street Journal

Americans' wealth hit the highest level ever in the second quarter amid a rise in stock and home prices, prompting consumers to ramp up their borrowing—a development that could boost the economic recovery. The net worth of U.S. households and ...

Thursday, September 18, 2014

Houston and San Jose Are Leading U.S. Economic Growth - CityLab

The metro areas that form the twin pillars of America's knowledge-energy economy continue to rise and prosper, according to new figures on economic growth released this week from the Bureau of Economic Analysis. According to the data, which measured ...

Thursday, September 18, 2014

Exclusive: US considering options if oil export ban challenged - Reuters

The Obama administration could eventually relax the ban, whether through free trade talks or by directly approving oil swaps, in which U.S. light crude exports would be exchanged for imports of heavy crude oil, the preferred crude for U.S. refiners.

Wednesday, September 17, 2014

US Stock Futures Pause Ahead of Fed Decision - Wall Street Journal

U.S. stock futures were little changed Wednesday ahead of an update on monetary policy from the Federal Reserve. The Fed will issue a policy statement at 2 p.m. Eastern after the conclusion of its two-day meeting and Fed Chairwoman Janet Yellen will ...

Wednesday, September 17, 2014

The economic lessons from Scotland - Reuters Blogs (blog)

The 21st century campaigns for and against a Scottish political liberation show that governments have acquired an economic importance which Smith could hardly have imagined. If the government's economic role was as limited as Smith would have liked, ...

Wednesday, September 17, 2014

China's central bank said to inject $81bn into system - BBC News

China's central bank is said to be injecting 500bn yuan ($81bn; £50bn) into the five biggest state-owned banks to counter slowing growth in the world's second-largest economy. The People's Bank of China (PBOC) is reportedly giving each bank a $100bn ...

Wednesday, September 17, 2014

US Incomes End 6-Year Decline, Just Barely - Wall Street Journal

Incomes in the U.S. ticked up in 2013 for the first time in six years, an increase that did little to repair the damage to American paychecks since the recession. The median annual household income—the level at which half are above and half below ...

Tuesday, September 16, 2014

Student Debt And The Millennial Entrepreneurship Paradox - Forbes

The millennial generation is living in what one could call a paradox as it relates to entrepreneurship. On one hand, the millennials could be the new great generation. They are the most educated cohort in the history of the United States, they have ...

Tuesday, September 16, 2014

Generation jobless: America needs action on youth unemployment - The Hill

Unemployment rates have always been higher for youth than for the general population, but the situation has gotten significantly worse since the start of the Great Recession. According to recent statistics, nearly 15 percent of 16-to-24 year olds are ...

Tuesday, September 16, 2014

Would a bubble be good for the American economy? - The Week Magazine

In an interview with Princeton Magazine, New York Times columnist and Nobel-winning economist Paul Krugman faced a difficult and rather strange question: "Are bubbles good or bad and do we need them to create strong economic growth and reach higher ...

Monday, September 15, 2014

OECD Cuts Economic Growth Forecasts - Wall Street Journal

The Organization for Economic Cooperation and Development Monday cut its economic growth forecasts for the U.S. and other large developed economies, and said the continued weakness of the recovery demonstrated the need for significant changes in ...

Monday, September 15, 2014

Scars of Recession Remain with Older Americans - The Fiscal Times

Monday marks the sixth anniversary of the bankruptcy filing of Lehman Brothers, a key event in the Wall Street meltdown that led to the Great Recession. The recession wreaked havoc on the retirement plans of millions of Americans, and two studies ...

Sunday, September 14, 2014

Janet Yellen: Job market not recovered - CNNMoney

The debate now is whether the job situation in America is healthy enough for the Federal Reserve to start raising interest rates, which have been at historic lows in recent years in an effort to jump start the economy. Yellen, however, said little new ...

Friday, August 22, 2014