Core business spending on equipment had another month of volatility, with orders falling by a sizable 0.7% in June. … READ MORE >
Economics
Market Minute: Private domestic demand excluding trade and inventories will point the way on GDP
U.S. growth in the second quarter most likely advanced at a 2.5% rate following the 0.5% contraction in the first quarter of the year. … READ MORE >
Jobless claims decline, but the recovery is still uneven
Initial claims fell to 217,000 for the week ending July 18, down from 221,000 in the prior week. The pre-pandemic average was 218,000.. … READ MORE >
Inventories in an age of uncertainty
Inventory expansion continued to moderate in May after peaking earlier in the year as firms pulled forward economic activity to avoid tariffs. … READ MORE >
Market Minute: Shipping activity remains lower at U.S. seaports
Higher tariffs have taken a toll on shipping activity at American ports. But oil and natural exports have provided a steadying influence on exports. … READ MORE >
Market Minute: Manufacturing sector to slow in second half
The Conference Board’s Leading Economic Index implies that the broader manufacturing sector will slow into the second half of the year. … READ MORE >
Market Minute: Weaker dollar adds to inflation pressure as import prices rise
Once the dollar begins to depreciate, higher inflation typically follows as imported goods become more expensive. … READ MORE >
Market Minute: Japanese bond holdings and global yields
The chance that Japan’s long-dominant Liberal Democratic Party may lose its majority in the upper house of parliament has created a risk of higher bond yields not only in Japan but also globally. … READ MORE >
American consumers remain resilient in June as layoffs cool
American consumers finished the quarter on a much stronger note with a rebound in spending at retail stores after two disappointing months. … READ MORE >
Market Minute: Global yields on the rise
Expansionary fiscal policies in Germany and the U.S., as well as the prospect of greater government spending in Japan, have pushed long-dated yields higher in global fixed-income markets. … READ MORE >