World Bank Cuts 2020 Growth Forecast to 2.5%
“While growth could be stronger if reduced trade tensions lead to a sustained reduction in uncertainty, the balance of risks is to the downside."
U.S. Labor Costs Growth Lowered to 2.5% for Q3
The sharp downward revision suggests inflation will continue to run below the Federal Reserve’s 2% target.
U.S. Factory Activity Drops for 4th Straight Month
“There is nothing to point to in [the November factory activity] report that signals a bottom in domestic manufacturing."
U.S. Economic Growth Slows to 1.9% in Q3
“There is something of a tug-of-war going on between consumers, who continue to spend, and businesses, which have sharply pulled back on investment.”
IMF Cuts 2019 World Growth Forecast to 3%
“Further escalation of trade tensions and associated increases in policy uncertainty" could result in lower-than-expected growth next year, the IMF says.
Consumer Spending Rises Only 0.1% in August
With income outpacing expenditures, consumers may have "a good amount of cushion to sustain spending if or as the economy slows."
U.S. Consumer Spending Surges 0.6% in July
“The consumer is still very sturdy and providing fundamental strength to the overall economy,” an economist says.
U.S. GDP Gain Revised Down to 2.0% for Q2
The government's second estimate of GDP showed a rebound in corporate profits as businesses benefited from strong consumer spending.
Key Investment Measure Surges 1.9% in June
"The trend in durable goods orders remains decidedly weak" amid worries about a global growth slowdown and trade tensions.
IMF’s Christine Lagarde Named as New ECB Chief
The self-confessed economic outsider faces the challenge of helping stimulate the eurozone economy amid mounting fears of recession.
U.S. Trade Deficit Jumps to Five-Month High
Trade tensions between the United States and China continue to spur volatility.