Economy

Fed Will Raise Rates Faster Than Investors Expect

Bloomberg reported, citing a survey of economists, that the Fed will probably raise its benchmark interest rate faster than money-market investors expect. read more

OECD: U.S. Growth to Accelerate Through 2015

Reuters reported the U.S. economic recovery should accelerate in the coming months as an energy boom, steadily falling unemployment and a rebound in investment push growth to its fasters pace in a decade. read more

New Home Construction Needed to Match Job Creation

According to a new analysis by the National Association of Realtors, new home construction activity is currently insufficient in most of the U.S., and some states could face persistent housing shortages. read more

Retail Sales Rise Less Than Expected

Reuters reported that U.S. retail sales rose less than expected in May and first-time applications for jobless benefits increased last week, but the data did little to alter views the economy is regaining steam. read more

Fed Prepares to Keep Super-Sized Balance Sheet

Bloomberg reported that Fed officials, who are concerned that selling bonds from their $4.3 trillion portfolio could crush the U.S. recovery, are preparing to keep their balance sheet close to record levels for years. read more

Factory Orders, Shipments Rise for 3rd Consecutive Month

According to the U.S. Census Bureau, new orders and shipments for manufactured goods in April were for the third consecutive month. read more

Beige Book: All Districts Report ‘Expanded’ Activity

According to the latest Beige Book report, all twelve Federal Reserve districts noted that economic activity expanded during the current reporting period. Energy-related activity was described in certain districts as “expanded strongly” and “robust.” read more

Four-Week Jobless Claims in U.S. Lowest Since 2007

Jobless claims fell by 27,000 to 300,000 in the week ended May 24. The four-week average declined to the lowest level since August 2007, before the last recession began, according to a Bloomberg report. read more

Report: CAPEX Down, But Outlook Better Than Expected

According to a report, business investment has fallen by substantially more than economists’ forecast, but they say the future outlook is decidedly more positive than they had expected. read more

Conference Board: GDP Growth Could Move Closer to 3%

The Conference Board said its leading indicators increased 0.4% in April after an upwardly revised 1.0% gain in March. The Board said GDP growth could move closer towards the 3.0% range if consumers continue to spend and businesses pick up the pace of investment. read more

U.S. Continuing Jobless Claims Lowest Since Dec. 2007

Though jobless claims increased by 28,000 to 326,000 in the week ended May 17, 2014, continuing claims fell to the lowest since December 2007, Bloomberg reported. read more

Low Productivity Growth Linked to Weak Spending

According to a report posted by CFO.com, the decrease in worker productivity has been linked to the lack of spending on equipment, software and structures that workers need to increase output. read more

CFO: Private Companies Expect Revenue Growth to Soar

CFO reports, according to a survey, that private companies are expecting revenue growth to soar far past that of GDP and are in hiring mode not seen since pre-recession days. read more

Small Businesses Still Face Challenges Despite Economic Optimism

Small businesses are still feeling the effects of a challenging economic landscape, but are increasingly optimistic about the future of their business and the economy, according to Capital One’s latest Spark Business Barometer. read more

Business Investment Proxy Jumps Highest Since Jan/13

According to the Commerce Department, March factory orders and shipments advanced for the second month in a row. Core capital goods orders signaled business investment plans increased largest amount in more than a year. read more

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Terry Mulreany
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