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.
U.S. Economy Posts Surprise 3.2% GDP Gain
GDP got a boost in Q1 from a sharp decline in imports but economists warn that underlying spending and investment data point to slowing growth.
Goldman Shares Dip 3.8% on Q1 Revenue Miss
The bank's first revenue miss in two years reflected what CEO David Solomon called a “challenging” trading environment.
Fed Cited Sluggish Growth for Patience on Rates
Policymakers still appear to have left themselves "some wiggle room” in determining monetary policy for the rest of 2019.
U.S. Retail Sales Take Surprising Dip in February
The measure of consumer spending fell 0.2% after a 1.2% gain in January, signaling tepid economic growth for the first quarter.
Treasury Yields ‘Invert’ in Possible Recession Sign
"Yield curves are responding to what they see, to what I believe is a global economic slowdown," a portfolio manager says.
Consumer Spending Drops 0.5% in December
The biggest drop in spending since 2009 confirmed expectations that the economy will slow down further in the first three months of 2019.
U.S. Economic Growth Slows to 2.6% in Q4
“I think this is a slowing. I don’t think this is ‘we’re falling into an abyss," one economist says.
Key Investment Measure Drops 0.7% in December
"It appears the bloom is off the economic expansion rose. The data doesn’t paint a picture of strong growth going forward.”
U.S. Industrial Output Declines 0.6% in January
“It looks like Fed officials were smart to stop their gradual rate hikes as the economy seems to have entered a soft patch,” an economist says.
U.S. Employers Add 304,000 Jobs in January
The unexpectedly large gain suggests employers "have not let up one bit on their hiring in response to risks out there in the world economy."