The world’s largest economy probably accelerated in the first quarter as consumer spending grew by the most in two years and U.S. businesses rebuilt inventories, economists said before a report today.
Confidence among U.S. consumers fell to a six-week low and claims for jobless benefits rose more than forecast, highlighting the risks to the economy posed by federal government budget cuts.
The bear market in bonds is being delayed by Americans socking away money at 50 times the rate at which they take on debt to buy houses, cars and other items.
President Barack Obama should find happiness in the U.S. economy’s “Misery Index” -- as long as he focuses on its national reading rather than its state-by- state gauges.
Sales of previously owned U.S. homes probably rose in February to the highest level in more than three years, sustaining a rebound that is bolstering growth, economists said before a report today.
The March setback in hiring will prove temporary as the U.S. economy, in its third year of expansion, now is better equipped to overcome a slowdown in Europe and rising fuel costs, economists said.
The U.S. trade deficit widened in July for the first time in four months as the global economic slowdown took a toll on American exports.
Oil at $110 a barrel is taking only half as big a bite out of Americans’ pocketbooks as it did in 1981, the last time Iranian shipments were disrupted.
Sales of new U.S. homes unexpectedly dropped in June from a two-year high, a sign the market is being held back by a lack of inventory after builders curtailed projects.
The housing rebound is broadening to other parts of the U.S. economy and will likely lend impetus to growth through 2013 and beyond.
"We're definitely moving in the right direction."
- Carl Riccadonna on May 23, 2013
Deutsche Bank’s Riccadonna Sees Inflation Pressure
Deutsche Bank’s Riccadonna Says Economy Accelerates