U.S. Productivity Grows at Revised 1.2% Rate in Q4
After the third-quarter contraction, “There is hope that the recent slight productivity uptick may lead to better results in the future."
U.S. Consumer Spending Increases 0.2% in January
“Consumers shielded the economy from global headwinds for most of 2019 but they won’t prove immune to the coronavirus outbreak."
Consumer Spending Rises 0.4% in November
“Despite the late start to the holiday season, U.S. consumers were in a festive mood, suggesting the backbone of the economy remains rock solid."
U.S. Consumer Prices Hit Highest Level in a Year
The CPI rose 2.1% in November on a year-on-year basis but the Fed "doesn’t expect inflation to sharply exceed its 2% goal anytime soon."
U.S. Labor Costs Growth Lowered to 2.5% for Q3
The sharp downward revision suggests inflation will continue to run below the Federal Reserve’s 2% target.
U.S. Producer Prices Post Biggest Gain in 6 Months
"Inflation needs to accelerate noticeably for the Fed to consider raising interest rates, and that doesn’t appear to be in the cards."
Fed Cuts Interest Rates Again in ‘Insurance’ Move
“We took this step to help keep the economy strong in the face of global developments and to provide some insurance against ongoing risks."
Fed to Cut Rates Again This Year, S&P Predicts
Another cut in December is "contingent upon an escalation in trade tensions, further weakness in global growth, and increased geopolitical tensions."
U.S. Consumer Spending Surges 0.6% in July
“The consumer is still very sturdy and providing fundamental strength to the overall economy,” an economist says.
Core CPI Rises 0.3% for Second Straight Month
The July inflation readings reduce "the chances that the U.S. central bank would cut rates by half a percentage point" in September.
U.S. Producer Prices Rise 0.1% in June
The tepid gain in the PPE points to “relatively subdued inflation, as most of the increase was driven by volatile categories of goods and services.”