Sales at retailers rose less than forecast in January, showing it will be difficult for American consumers to sustain last quarter’s pickup in spending without bigger gains in employment.
American employers added more workers to payrolls in October than economists projected as the world’s largest economy powered through the federal government shutdown.
Orders for goods such as computers and machinery rose less than forecast in August, showing a pickup in U.S. business spending will take time to develop.
Companies kept expanding headcounts in January and revisions to previous months’ showed even bigger gains as the U.S. job market made further strides.
The first Federal Reserve monetary policy meeting chaired by Janet Yellen will reduce the Fed’s monthly pace of asset purchases by another $10 billion, economists project.
Service industries in the U.S. probably expanded in September at a slower pace, showing the recovery is struggling to gain speed, economists said before a report today.
"We know that the Federal Reserve is interested in scaling back the quantitative easing program."
- Kevin Logan on Nov 08, 2013
HSBC’s Logan Says U.S. Economic Growth ‘Very Lackluster’
Feinberg, Fiorina, Lyons, Clifton, Stein, Logan