Orders placed with U.S. factories rose less than forecast in April as demand for non-durable goods dropped, probably reflecting lower fuel costs.
The Port Authority of New York & New Jersey named new leaders at four of its airports, including John F. Kennedy International, whose manager resigned last week.
U.S. growth may be hurt by a weak currency and higher taxes, said Steve Forbes , chief executive officer of Forbes Inc.
Treasury 30-year bonds fell for a third day on speculation the Federal Reserve will buy shorter- maturity debt and as the government prepared to sell $13 billion of the securities this week.
The Federal Reserve said the labor market improved throughout the country early this year, driven by rising retail sales and “solid growth” in manufacturing.
Sales at U.S. retailers unexpectedly advanced in April, helping ease concern of a sustained pullback in consumer spending that would stifle the economy.
The Federal Reserve said some officials last month wanted to keep further asset purchases as an option to boost the economy as policy makers saw “considerable uncertainty” that U.S. growth will pick up.
Warnings that the Federal Reserve’s renewed round of asset purchases would devalue the dollar are “misplaced,” according to Michael Moran , chief economist at Daiwa Capital Markets America Inc.
Consumer confidence in the U.S. rose to a five-month high in December, indicating Americans will keep spending early next year.
"With Europe and China slowing and the dollar firming up, down the road we could see some challenges."
- Michael Moran on Oct 01, 2014
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