Tag: economic growth

August 1, 2023

Banks have tightened lending standards as the Fed, beginning in March 2022, raised interest rates 11 times — the most aggressive pace in four decades. Policymakers, aiming to curb inflation to the central bank’s 2% target, increased the federal funds […]

December 13, 2019

U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending, which could see economists dialing back economic growth forecasts for the fourth quarter. The Commerce Department said on Friday retail sales rose 0.2% last […]

April 29, 2019

A survey of corporate economists predicts the economy will expand over the next year, although the pace of growth will decline and employers are facing pressure to raise wages, spend more on worker training and automate tasks because of the […]

April 26, 2019

The numbers: Reports of the demise of the U.S. economy proved unfounded as first-quarter activity showed surprising strength. The U.S. economy expanded at a 3.2% annual pace in the first three months of 2019, the government said Friday. The gain […]

April 25, 2019

All of a sudden, President Donald Trump’s economy is looking more like a miracle than a mirage. A U.S. government report Friday is expected to show that gross domestic product, or GDP — the most basic gauge of economic output […]

March 11, 2019

U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought. The report from the Commerce Department on Monday is welcome news […]

March 7, 2019

Treasury yields fell Thursday, along with its European peers, after the European Central Bank launched fresh stimulus measures, said it was unlikely to increase rates through the end of 2019 and downgraded its forecast for economic growth. The 10-year Treasury […]

September 20, 2018

President Donald Trump’s economic agenda is fueling a resurgence in the economy that cannot be denied, billionaire businessman and philanthropist Ken Langone told CNBC on Thursday. “This economy is booming,” said Langone, a longtime supporter of GOP candidates who was […]

March 16, 2017

If the Federal Reserve had any doubts about raising interest rates, the government’s latest inflation data should help put them to rest. As Fed policymakers wrapped up their latest two-day meeting, the central bank was widely expected to boost interest […]

June 6, 2016

Bloomberg reported, citing a survey of forecasters from the National Association for Business Economics, economic growth will fall in 2016 to its slowest pace in four years due to uncertainty about the presidential election. Read More on ABF Journal