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.
Browsing: Economy
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.
New Home Sales Drop in March after February High
Sales of new single-family houses in March were at a seasonally adjusted annual rate of 481,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.
Existing Home Sales Accelerate in March
Existing home sales rose 6.1 percent in March to a seasonally adjusted annual rate of 5.19 million, the highest annual rate in 18 months.
Energy and Shelter Drive CPI Monthly Increase
The Consumer Price Index rose 0.2 percent in March on a seasonally adjusted basis, driven by increases in energy and shelter. Over the last 12 months, the CPI declined 0.1 percent before seasonal adjustment.