A dearth of economic data caused by the U.S. government shutdown is making it harder for Federal Reserve policy makers to assess the health of the economy as they consider when to start paring unprecedented monetary stimulus.
Swiss stocks declined to their lowest level in more than three weeks after a report showed that U.S. non-manufacturing industries expanded at a slower-than-expected last month.
Americans’ views of the U.S. economy are increasingly colored by politics, making consumer sentiment a less reliable gauge of the outlook for the spending that drives growth.
The rebound in U.S. home prices may be about to accelerate, according to Jonathan Basile, an economist at Credit Suisse in New York.
Recession signals in the world’s largest economy are flashing red again.
Employment roared ahead in June, indicating the U.S. economy is poised for faster growth as it shakes off the impact of tax increases and budget cuts.
The Bank of Canada will probably keep its main interest rate unchanged today and say that economic growth and price stability are still being threatened by Europe’s debt crisis.
Retail sales rose more than forecast in December to end 2012 on a positive note, indicating Americans may be able to rise above Washington’s budget rancor to keep contributing to economic growth.
The following are the day's top business stories:
Consumer spending was probably little changed in April as Americans pocketed the savings from lower gasoline prices and smaller utility bills, economists said before a report this week.
"Growth is steady but not that great."
- Jonathan Basile on Nov 07, 2013
Basile Predicts Higher Growth in 2014