Browsing: Economy

Economy

Real GDP grew at a seasonally adjusted annual rate of 4.1 percent during the second quarter of 2018, according to the Bureau of Economic Analysis’s “advance” estimate, up from 2.2 percent in the first quarter.

Economy

Consumer Sentiment decreased a mere 0.3 points in July to 97.9, according to the University of Michigan Consumer Sentiment Index. July’s figure is 4.8 percent above the July 2017 index.

Economy

New orders for manufactured durable goods increased 1.0 percent in June to $251.9 billion, following a 0.6 percent May decline, according to the U.S. Census Bureau. Transportation equipment led the increase, rising 2.2 percent to $87.7 billion over the month. New orders, excluding the transportation sector, rose 0.4 percent. Excluding defense, new orders increased 1.5

Economy

The Treasury Department on Monday submitted to the Office of Management and Budget the first group of proposed regulations related to a provision of the tax reform bill that established a 20 percent deduction for pass-through entities, including Subchapter S corporations.

Economy

New single-family home sales increased to a seasonally adjusted annual rate of 631,000 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Economy

Existing-home sales decreased 0.6 percent to a seasonally adjusted annual rate of 5.38 million in June, according to the National Association of Realtors (NAR). This followed a 0.4 percent decline in May. Sales are 2.2 percent below the June 2017 level. “There continues to be a mismatch since the spring between the growing level of

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