U.S. Trade Deficit Widens More Than Expected In December, Exports Fall
The U.S. trade deficit widened more than
The U.S. trade deficit widened more than
The Commerce Department reported US economic growth
The effects of loosing the age-old China
The Commerce Department’s second reading on U.S.
The Federal Reserve on Wednesday announced that no changes to its bond buying program will occur, and that it will be holding interest rates steady at near zero. The inactivity by the Fed came as a surprise because a reduction to the central bank’s $85 billion monthly purchases of mortgage-backed securities and government bonds, known as quantitative easing, was widely expected.
The Labor Department reports the number of Americans Filing for first-time unemployment benefits fell to 292,000 last week from 323,000 the week prior, sharply lower than economists’ expectations that the number would rise to 330,000. It was the lowest level since April 2006, but don’t go and pop the cork just yet.
The Labor Department reports the U.S. economy added 169,000 jobs in August, missing economists’ expectations of 180,000. The jobless rate fell to 7.3%, the lowest since December 2008, and less than estimates that it would hold steady at 7.4%.
Reuters
The private sector added 176,000 jobs in August, according to the ADP jobs report from the payroll processor. The number missed expectations of 180,000.
Reuters
A gauge of U.S. consumer spending rose in July at its fastest pace in seven months, a sign of quicker economic growth that could strengthen the case for the U.S. Federal Reserve winding down a major economic stimulus program.
U.S. economic growth unexpectedly accelerated in the second quarter, economic news that could bring the Federal Reserve a step closer to cutting back its monetary stimulus. The news comes on the heels of a report that found that 4 in 5 Americans have been experiencing some level of poverty, and white populations suffering more than ever.
