Harm Bandholz News
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U.S. banks eased standards and terms on loans to businesses as commercial lending led a credit thaw, according to a Federal Reserve survey.
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The U.S. economy looks better placed to withstand a slowdown projected for the second quarter as the labor market keeps making progress.
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Employers probably hired more workers in April than in the prior month and the jobless rate held at a four-year low, showing the early stages of government budget cuts failed to destabilize the U.S. labor market, economists said before reports this week.
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Consumers in the U.S. are stepping in where companies fear to tread.
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The economy in the U.S. managed to barely expand in the fourth quarter, erasing a previously estimated contraction, as the smallest trade deficit in almost three years helped overcome the biggest plunge in defense spending since the Vietnam War era.
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Americans’ paychecks in the first half of 2012 grew at the fastest pace in five years, pointing to an improvement in purchasing power that may help propel the economic expansion.
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A swelling trade gap, less stockpiling and weaker construction indicate the U.S. economy slowed even more in the second quarter than the government estimated last month, economists said.
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January’s increase in employment and revisions showing even bigger gains in prior months point to a healing in the U.S. job market that will help consumers better cope with a higher payroll tax.
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Household spending may be about to pick up after stagnating for three straight months as employment and incomes climb and the weather turns more seasonable, giving the U.S. economy a lift.
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The trade deficit probably narrowed in December as stabilizing overseas markets helped lift U.S. exports for a second month, economists said before a report today.
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