The ISM service data is another reason to believe the Federal Reserve should not rush cutting rates this year. … READ MORE >
Tuan Nguyen
Productivity continues to rise in potential game changer for economy
The increase in productivity has most likely been a catalyst for both robust economic growth and disinflation over the past year. … READ MORE >
The Fed’s key wage gauge slows to lowest level since 2021
The overall index eased to 0.9% in the fourth quarter on a seasonally adjusted basis, down from 1.1% in the previous quarter. … READ MORE >
Strong job openings and consumer confidence point to robust employment gains
Job openings inched up to more than 9 million, surpassing expectations and reflecting strong demand in December. … READ MORE >
Consumer sentiment rises above expectations in January
Consumer sentiment rose in January to 78.8 from 69.7, much higher than the median consensus forecast of 70.1. … READ MORE >
Consumer confidence ends the year on a positive note
The increase in confidence was broad-based in December, with the overall index rising to 110.7 from 101. … READ MORE >
U.S. retail sales grew by more than expected in November
Sales increased by 0.3% on the month or by 5.9% on a three-month moving average annualized pace. … READ MORE >
Initial jobless claims remain resilient
Initial jobless claims inched up slightly to 220,000 last week, remaining within the pre-pandemic level, the Labor Department reported on Thursday. … READ MORE >
Job openings fall to lowest level since 2021, signaling Fed pivot
With 8.7 million job openings in October, the vacancies-to-unemployed ratio has fallen to 1.34, only slightly higher than the pre-pandemic average of around 1.24 … READ MORE >
U.S. economic outlook: Expansion continues into 2024
Expect the economy to settle into its long-term growth rate of around 1.8% next year. Read our forecasts for growth, inflation, unemployment, the dollar, interest rates and fiscal policy. … READ MORE >