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.
Consumer Confidence Drops Sharply in June
“The escalation in trade and tariff tensions earlier this month appears to have shaken consumers’ confidence," the Conference Board says.
ECB Leaves Rates Unchanged, Hints at Easing
Amid "pervasive uncertainty" over trade, "the ECB and the U.S. Federal Reserve appear to have given up on plans to tighten [monetary] policy."
U.S. Factory Orders Decline 0.8% in April
“We expect further bumps along the road for manufacturing as a slowing global economy and escalating tariffs on major U.S. trading partners pose headwinds."
U.S. Home-Price Growth Slows to 3.7% in March
“Given the broader economic picture, housing should be doing better."
Unemployment Dips to Lowest Level in 50 Years
A second straight month of strong U.S. job growth is "further evidence that February’s paltry 56,000 increase in jobs was an aberration."
U.S. Productivity Surges to 3.6% Gain in Q1
“The rebound in productivity is restraining labor costs and keeping inflation in check,” an economist says.
Fed Resists Pressure for Interest Rate Cut
The Fed doesn't see "a strong case for moving [rates] in either direction" amid weak inflation and solid economic growth.
U.S. Consumer Spending Surges 0.9% in March
“The economy is in a sweet spot for now," with inflation pressures remaining too weak for the Fed to raise interest rates.