Consumer Sentiment Rebounded in April
Consumer sentiment rose in April, according to the University of Michigan survey, rising 2.9 points above March’s reading.
Browsing: Economy
ISM Manufacturing Index Growth Remains Slow
The ISM manufacturing index was unchanged at 51.5 points in April. Index readings above 50 indicate expansion in the manufacturing economy.
Construction Spending Fell in March
Construction spending declined 0.6 percent in March to a seasonally adjusted annual rate (SAAR) of $966.6 billion.
Personal Income Growth Slowed in March
Personal income increased $6.2 billion, or less than 0.1 percent in March, according to the Bureau of Economic Analysis—a sharp decline from February’s estimate.
Keating Discusses Interest Rates on Reuters TV
With the Federal Open Market Committee meeting yesterday, ABA President and CEO Frank Keating appeared on Reuters TV to discuss interest rates.
Fed: Growth Slowed Due to ‘Transitory Factors’
The Federal Reserve Open Market Committee in its April 29 statement noted that economic growth slowed during the winter months, partly due to “transitory factors,” and that labor market conditions were largely unchanged since the last meeting.
At a Standstill? The Debate over ‘Secular Stagnation’
Are there prospects for growth in the U.S. economy?
GDP Growth Falls Sharply to 0.2 Percent
Real GDP growth fell sharply in the third quarter, growing at a 0.2 percent seasonally adjusted annual rate according to the Bureau of Economic Analysis’s advance estimate.
Home Prices Rose in February
The 20-City Case-Schiller Composite gained 5.0% year-over-year in February, compared to a 4.5% increase in January.
Durable Goods Orders Rebound in March
After falling 1.4 percent in February, new orders for durable manufactured goods increased by 4.0 percent in March, according to the U.S. Census Bureau.