Factory output rose less than forecast in September and contract signings for U.S. home purchases fell the most in three years, showing the economy was having trouble gaining traction before the government shutdown.
Factory production in the U.S. rose less than forecast in September, indicating a pause in manufacturing leading into the budget battle that partially closed the federal government.
Employers in the U.S. added fewer workers to payrolls than projected in September, indicating the world’s largest economy had little momentum heading into the 16- day federal government shutdown.
The U.S. Treasury has the means to avoid a debt default even if Congress fails to raise the government’s $16.7 trillion borrowing limit. The bad news is that it can’t prevent a recession.
A spiraling default crisis in Europe poses the “single biggest threat” to the world economy, IHS Inc. chief economist Nariman Behravesh said today in an interview on Bloomberg Television.
Trends affecting U.S. consumer spending have turned positive, Nariman Behravesh, chief economist at researcher IHS Automotive, said today at an auto forum in New York.
President Barack Obama’s path to re- election may pass through Berlin and Paris.
America’s aggressive strategy for tackling its financial and economic ills is working better than Europe’s go-slow approach -- and investors are taking notice.
The U.S. economy looks better placed to withstand a slowdown projected for the second quarter as the labor market keeps making progress.
Concern that U.S. personal income taxes will increase next year caused an unexpected decline in consumer confidence in September, indicating the biggest part of the economy will struggle to pick up.
"Everyone started to be a little more cautious in September."
- Nariman Behravesh on Oct 28, 2013
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