The Economy

OECD Urges Caution on Easing Fiscal Support
The Economy

OECD Urges Caution on Easing Fiscal Support

"A premature and abrupt withdrawal of policy support should be avoided whilst the near-term outlook is still uncertain.”
By Matthew Heller | September 22, 2021
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Retail Sales Rebound in August With 0.7% Gain
The Economy

Retail Sales Rebound in August With 0.7% Gain

Consumers delivered an unexpected increase in sales despite the delta variant and supply-chain bottlenecks that have hurt auto production.
By Matthew Heller | September 16, 2021
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Inflation Pressures Forcing CFOs to Take Action
The Economy

Inflation Pressures Forcing CFOs to Take Action

Experts may call consumer price increases 'transitory,' but fighting rising costs has become a priority for finance chiefs.
By Vincent Ryan | September 14, 2021
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Workers Feeling More Hopeful About Jobs
The Economy

Workers Feeling More Hopeful About Jobs

The NY Fed says the proportion of individuals who reported searching for a job in the past four weeks increased to 24.0% from 19.6% in July 2020.
By Matthew Heller | September 7, 2021
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Ida’s Economic Toll Seen as Relatively Modest
The Economy

Ida’s Economic Toll Seen as Relatively Modest

Analysts estimate insurance industry losses from the hurricane will hit around $10 billion, one-tenth of the toll of Katrina.
By Matthew Heller | August 31, 2021
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Powell Remains Cautious on Stimulus ‘Tapering’
The Economy

Powell Remains Cautious on Stimulus ‘Tapering’

The Fed chair confirmed officials are moving toward winding down the monthly bond-buying program but was not specific about timing.
By Matthew Heller | August 27, 2021
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U.S. Factory Orders Decline 0.1% in June
The Economy

U.S. Factory Orders Decline 0.1% in June

“The underlying trend of demand for durable goods remains at very elevated levels and should support sustained production into 2022."
By Matthew Heller | August 25, 2021
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U.S. Housing Starts Decline 7% in July
The Economy

U.S. Housing Starts Decline 7% in July

“As demand continues to overpower builders’ ability to keep up with new inventory, we will keep seeing a stressed housing market."
By Matthew Heller | August 18, 2021
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Census Shows Historic Decline in White Population
The Economy

Census Shows Historic Decline in White Population

"The U.S. population is much more multiracial and more racially and ethnically diverse than what we have measured in the past."
By Matthew Heller | August 13, 2021
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Small Business Optimism Declines in July
The Economy

Small Business Optimism Declines in July

“Small business owners are losing confidence in the strength of the economy and expect a slowdown in job creation."
By Matthew Heller | August 10, 2021
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CBO Says Infrastructure Bill Would Add to Deficit
The Economy

CBO Says Infrastructure Bill Would Add to Deficit

A CBO analysis estimating a $256 billion hit to the deficit contradicts supporters' claims that the new spending in the bill would pay for itself.
By Matthew Heller | August 9, 2021
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Services Industry Index Hits All-Time High
The Economy

Services Industry Index Hits All-Time High

“Demand is rotating back to services as nearly half of the population has been fully vaccinated against COVID-19."
By Matthew Heller | August 4, 2021
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U.S. Economy Surges Back to Pre-Virus Levels
The Economy

U.S. Economy Surges Back to Pre-Virus Levels

GDP rose at an annual rate of 6.5% in Q2 but shortages of workers and supplies of crucial products could slow growth for the rest of the year.
By Matthew Heller | July 29, 2021
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IMF Says Price Pressures Could Be ‘More Persistent’
The Economy

IMF Says Price Pressures Could Be ‘More Persistent’

"Uncertainty remains high" and "central banks may need to take preemptive action," the Fund warns in its latest World Economic Outlook.
By Matthew Heller | July 28, 2021
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U.S. Factory Orders Climb 0.8% in June
The Economy

U.S. Factory Orders Climb 0.8% in June

Despite supply chain issues, "business investment is showing no signs of slowing down or a lack of confidence in continuing strength in consumer demand."
By Matthew Heller | July 27, 2021
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