Retail sales top forecasts as American consumers stay resilient
Total sales rose by 0.7% on the month, following an upward revision to 0.8% for August, the Commerce Department reported on Tuesday.
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Consumer sentiment hits 5-month low amid elevated inflation expectations
Consumer sentiment in October dropped to the lowest since May because of the rebound in inflation expectations.
Excess savings are critical to the economic expansion’s duration
According to our analysis of revised BEA data, consumers are on a strong footing, with between $400 billion and $1.3 trillion in excess savings that they can draw upon as the economy moves back toward price stability amid tightening financial conditions.
The UAW strike’s potential impact on U.S. auto sector
This work stoppage comes at a time when many companies are already facing margin compression. Investments in automation and other technologies can help businesses weather these challenges.
The looming government shutdown’s potential impact on manufacturers
A shutdown would slow imports and exports, delay compliance and permitting processes and affect government funding to support midsize manufacturers.
Jobless claims hold steady as pending home sales plunge
Initial jobless claims inched up by only 2,000 last week to 204,000, remaining below the pre-pandemic average, while pending home sales plunged by 7.1%.
Business equipment spending rebounds
Business orders for equipment rebounded in August after falling for two straight months, an encouraging sign for American businesses.
Falling jobless claims, existing home sales offer mixed economic picture
The mixed signals from Thursday's data on initial jobless claims and existing home sales added to an economic picture that resembles a soft landing.
Inflation Reduction Act could provide clean energy tax credits for health care organizations and investors
Health care organizations have significant financial incentives to capitalize on the tax credits available from the IRA when investing in clean energy assets.
Low core inflation should keep the Fed from hiking rates
While we expect the Federal Reserve to hold rates unchanged on Wednesday, what its updated Summary of Economic Projections will look like remains less clear.
Housing starts fall to three-year low amid 7% mortgage rate
Housing starts in the United States fell by a sharp 11.3% in August, the second double-digit drop in three months.
August retail sales and producer inflation show a hot summer finish
Retail sales and producer inflation came in significantly higher than expected, while initial jobless claims were lower than the market consensus.
Energy pushes inflation higher but core prices remain grounded
Consumer inflation in August posted the biggest monthly increase in more than a year, driven mostly by the surge in oil and energy prices.
Why the Fed should lift its 2% inflation target
We expect the Fed to hold its policy rate steady at 5.25% to 5.5% at its meeting next week and would advise the Fed to begin shaping expectations about a likely...
Initial jobless claims fall to lowest level in seven months
Initial jobless claims dropped to 216,000 last week, the fewest since February, according to data from the Bureau of Labor Statistics.
The 3 pillars of artificial intelligence: How AI will reshape business and the economy
Understanding what AI can bring to businesses is critical. What we call the three pillars of artificial intelligence will have profound implications for businesses and the economy.