Services from banking to transportation grew more slowly in November, pointing to a U.S. economy that is making progress in fits and starts heading into the new year.
The trade deficit in the U.S. narrowed in October for the first time in four months as exports climbed to a record.
President Barack Obama’s nominee to lead the Federal Reserve, Janet Yellen, soon may be delivering speeches and setting policies that reverberate not just through the U.S. but around the world.
The trade deficit in the U.S. was little changed in August as imports and exports stalled, indicating a loss of momentum in global economic growth.
The U.S. trade deficit unexpectedly increased in June to the highest level since October 2008 as a slump in exports exceeded a decline in shipments from overseas.
The Federal Reserve’s decision to spell out the optimal rate at which prices should increase in the U.S. and the possible trajectory of its benchmark interest rate will make policy more effective, a survey showed.
The current-account deficit in the U.S. widened to $127.2 billion in the third quarter, reflecting an increase in imports.
Job openings climbed in May and hiring picked up as U.S. companies grew more upbeat about the economy’s prospects for the second half of the year.
Global demand for U.S. financial assets cooled in October amid optimism Europe would resolve its debt crisis, expectations that that have since diminished.
Italy’s credit ratings may be reduced by Moody’s Investors Service because of economic growth challenges, risks associated with efforts to reduce debt and the potential for higher borrowing costs.
"It's going to be tough for us to grow exports."
- Jay Bryson on Oct 24, 2013
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