Fed’s Key Inflation Gauge Hits 1.6% in February
The core PCE price index posted its biggest gain since April 2017 and appears to be on track to meet the Fed's 2% target.
U.S. Core Capital Goods Orders Jump 1.8%
The February gain in orders was a positive sign for business spending after declines in the previous two months.
Fed Rate Hike Could Be First of Four in 2018
The latest 0.25% increase indicates the Fed's confidence that the GOP tax cuts and government spending will boost the economy and inflation.
U.S. Budget Deficit Grows to $215 Billion
The February shortfall is an early indication of the effects of the GOP tax cuts, with withholding taxes falling 2%.
U.S. Employers Add 313,000 Jobs in February
“We were able to create enough new jobs to accommodate new seekers and keep the unemployment rate steady," an economist says of the strong jobs report.
U.S. Trade Gap Climbs 5% in January to $56.6B
The increase in the trade deficit to a nine-year high "will only add fuel to President Donald Trump’s protectionist rhetoric ," an economist says.
U.S. Core Capital Goods Orders Drop 0.2%
“Last year’s moonshot in business spending is showing some signs of returning to earth,” one economist says.
U.S. Consumer Prices Jump 0.5% in January
Inflation appears to have "re-emerged after a long period of dormancy," fueling fears that the Fed will raise interest rates more aggressively this year.
U.S. Trade Gap Rises 12.1% in 2017
The December deficit was the largest since 2008 as robust domestic demand pushed imports to a record high of $256.5 billion.
U.S. Wage Growth Hits Highest Level Since 2009
The strong January report suggests the solid jobs growth since the recession may finally be translating into a surge in salaries.
US Productivity Posts Unexpected 0.1% Drop
The Q4 decline follows a 2.7% gain in Q3 but economists believe higher capital spending could lift productivity this year.