Michael Carey News
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Demand for durable goods slumped in March by the most in seven months, adding to signs manufacturing in the U.S. cooled at the end of the first quarter.
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Orders for U.S. durable goods excluding transportation equipment climbed in January by the most in a year, showing companies are planning to expand capacity as they look beyond the budget impasse in Washington.
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Orders for U.S. durable goods climbed more than forecast in February as companies looked past budget squabbles in Washington and focused on expanding capacity to meet growing demand.
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Consumer spending in the U.S. is rising even though hourly pay isn’t. The reason: More Americans are finding jobs and putting in longer hours in the office and on the factory floor.
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Manufacturers are turning out more cars and computers, homebuilders are gaining confidence and prices are little changed, showing the U.S. economy is expanding with inflation contained.
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Service industries sustained their pace of growth in May, showing the biggest part of the U.S. economy is withstanding the impact of the European debt crisis.
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The U.S. economy grew less than forecast in the second quarter, after almost stalling at the start of the year, as consumers retrenched.
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The cost of living in the U.S. increased at a slower pace in March as the run-up in energy prices eased, supporting the view of some Federal Reserve policy makers that inflation will ebb.
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New-home construction in the U.S. probably held in July near a four-year high, adding to signs the market is stabilizing, economists said before a report today.
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Retail sales in the U.S. unexpectedly fell for a third month in June as limited employment gains took a toll on consumers.
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