White House Doubles Shutdown Cost Estimate
The Trump administration now believes the government shutdown will subtract 0.1 percentage point from GDP growth every week.
U.S. Consumer Confidence Slumps in December
The Conference Board's latest survey shows an unexpectedly large dip in confidence last month, reflecting concerns over the pace of economic growth.
Durable Goods Orders Rise 0.8% in November
Orders for core capital goods dropped for the second time in three months, suggesting the slowdown in business investment is continuing.
Fed Raises Benchmark Rate from 2.25% to 2.5%
Fed chair Jerome Powell calls the move "appropriate for what is a very healthy economy," but financial markets don't seem to share his confidence.
U.S. Job Growth Slows to 155,000 in November
The unemployment rate remained at 3.7% and wages rose 3.1% on an annual basis, indicating continuing strength in the labor market.
Consumer Spending Jumps 0.6% in October
U.S. shoppers are benefiting from moderate inflationary pressures, while incomes increased 0.5% last month.
Economic Growth Estimate Stays Put at 3.5%
The latest GDP estimate for the third quarter confirms growth is slowing as the big boost from tax cuts starts to fade.
Latest Wall Street Slide Indicates Market Correction
"This is a correction. The question is does it lead to a bear market," says one money manager.
Caution: Stocks Are Historically Overvalued
Investor relations professionals should prepare for what's eventually inevitable: a reversion to the mean for stock prices.
U.S. Budget Deficit Swells to $779B in FY 2018
The White House blames increased spending for the mounting deficit but its own data "suggest falling revenues were a far larger contributor."
Rising Income Gap Threatens U.S. Credit Rating
"Pressures from rising inequality will exacerbate already material fiscal challenges on the horizon," Moody's warns in a report.