Category: Macroeconomic

May 26, 2020

Consumer confidence unexpectedly improved in May as the U.S. economy slowly restarted, according to data released Tuesday by the Conference Board. The Conference Board’s consumer confidence index rose to 86.6 this month from 85.7 in April. Economists polled by Dow […]

May 14, 2020

New filings for unemployment claims totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday. The total 2.981 million new […]

May 8, 2020

Reopening the U.S. economy should be handled cautiously to avoid a second lockdown, said Cleveland Fed President Loretta Mester on Friday. “There’s a possibility of opening up in the second half of the year, but it has to be done […]

April 29, 2020

The collapse in the U.S. economy caused by the coronavirus pandemic triggered the biggest drop in gross domestic product in the first quarter since 2008 in a prelude to an even more massive decline in the spring. GDP, the official […]

April 27, 2020

The coronavirus capsized what had been the longest expansion in U.S. history. Now the wait is on to see how far the economy sinks before it finds bottom. A few dimly hopeful signs emerged last week as a pair of […]

April 23, 2020

It took only five weeks for the U.S. economy to wipe out all the job gains it added over the last 11 years. Coronavirus-induced business closures throughout the U.S. have fueled the number of Americans applying for state unemployment benefits. […]

April 20, 2020

The hits to the U.S. economy keep coming. This week’s upcoming reports on layoffs, housing, consumer confidence and the health of businesses are all going to be ugly. Again. The most timely snapshot of the deteriorating economy has been the […]

April 17, 2020

Investors have taken some solace in signs that China is beginning to dig itself out of the economic hole created by the coronavirus pandemic as restrictions aimed at fighting the disease have been lifted in recent weeks. Analysts warn though […]

April 15, 2020

The onset of the coronavius pandemic triggered a record 8.7% slump sales at U.S. retailers in March as large swaths of the economy shut down — and there’s no light at the end of the tunnel. Sales fell for the […]

April 10, 2020

The consumer-price index dipped 0.4% last month, the biggest decline in five years, the Labor Department said Friday. The drop was in line with the forecast of economists surveyed by MarketWatch. Core inflation, minus food and energy, prices fell 0.1% […]