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Fri, 13 Dec 2019 23:04:43 GMT
New Trump bump? Consumer confidence hasn't been this high since ... Clinton impeachment
Surveys show that the Trump impeachment proceedings, like most current political issues, push Americans into their partisan corners. Economic impact is harder to gauge. The stock market is setting new records, and consumer spending continues to fuel the economy.
Fri, 13 Dec 2019 13:41:53 GMT
US retail sales rose less than expected 0.2% in November
U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending, which could see economists dialing back economic growth forecasts for the fourth quarter.
Fri, 13 Dec 2019 13:34:49 GMT
US import prices rebound, but the underlying trend remains weak
U.S. import prices were expected to rise by 0.2% in November, after dropping 0.5% a month earlier.
Thu, 12 Dec 2019 17:48:02 GMT
US weekly jobless claims race to a more than 2-year high
Initial claims for state unemployment benefits surged to 252,000 for the week ended Dec. 7, the highest reading since September 2017.
Thu, 12 Dec 2019 13:34:27 GMT
US producer prices were unchanged in November; underlying inflation soft
U.S. producer prices were unexpectedly unchanged in November as increases in food and gasoline prices were offset by declining costs for services.
Wed, 11 Dec 2019 18:13:03 GMT
'Bond King' Gundlach says a recession is 'very unlikely' in 2020
Jeffrey Gundlach is not worried about a possible recession in 2020, saying on Wednesday that he thinks it's "very unlikely" one will happen.
Wed, 11 Dec 2019 17:18:44 GMT
Bank of America CEO Brian Moynihan says confident consumers are spending 5.5% more this year
"People are spending, and that's good news for the U.S. economy," Moynihan tells CNBC.
Wed, 11 Dec 2019 14:08:29 GMT
The Fed is expected to hold rates steady and vow to keep short-term lending markets stable
The Fed is likely to indicate Wednesday afternoon it's not in a hurry to do anything to change its neutral stand on interest rates.
Wed, 11 Dec 2019 13:57:49 GMT
US consumer prices increase more than expected in November
U.S. consumer prices rose more than expected in November, which could further support the Federal Reserve's intention not to cut interest rates again in the near term after reducing borrowing costs three times this year.
Tue, 10 Dec 2019 14:06:39 GMT
US productivity was weak in the third quarter, while labor costs were revised lower
U.S. productivity for the third quarter was expected to slip by 0.1%, after dropping 0.3% in the previous quarter.