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.”
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.
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.
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."
U.S. Economy Shakes off Virus, Surges 6.4%
“We’re at the opening stages of what could be a very strong six to nine months for the U.S. economy as it emerges from the pandemic."
U.S. Factory Orders Climb 0.5% in March
"The response of capital spending to the COVID pandemic is encouraging for the outlook for 2021."
Business Inventories Increase 0.5% in February
February’s gain in the GDP component, which was in line with economists’ expectations, followed a 0.4% advance in January.
Jobs Market Continues Surge With 916,000 Gain
With government relief checks and the accelerating vaccine rollout, "there is finally real light at the end of the tunnel."
Fed Holds Line on Rates Despite Rising Prices
The central bank expects to maintain ultralow rates until “inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”
U.S. Economic Growth Slows to 4% in Q4
After the worst year for the economy since at least the end of World War II, economists are still hopeful of a faster recovery in the second half of 2021.
U.S. Trade Gap Hits 14-Year High of $68.1B
Retailers pushed imports of consumer goods to a record as they stocked up for the Christmas holiday season..