April 21, 2021

GDP grows above-forecast 2.6 percent as business spending picks up

Pin It

From Newsmax The U.S. economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates. The 2.6 percent annualized rate of gains in gross domestic product from October to December compared with the 2.2 percent […]

CNBC: US home-sales plunge stuns real-estate agents

Pin It

By¬†Newsmax Wires From Newsmax Real estate brokers reportedly are trying to figure out why sales of existing homes plunged in December. U.S. home sales tumbled Tuesday to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the […]

Repatriation of offshore trillions fails to materialize

Pin It

From Santa Cruz Sentinel By Laura Davidson | Bloomberg News¬† Companies have brought back $500B, a fraction of what was promised The amount of offshore cash U.S. corporations have returned home this year is just a fraction of what President Donald Trump had promised. A Morgan Stanley report released Thursday estimates companies brought back from […]

US: Third-quarter economic growth revised higher to 3.3 percent

Pin It

From Newsmax The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, as increases in business investment in inventories and equipment offset a moderation in consumer spending. Gross domestic product expanded at a 3.3 percent annual rate in the third quarter also boosted by a rebound […]

The US economy isn’t quite as strong as it looks

Pin It

By Pedro Nicolaci da Costa From Business Insider The US economy grew at a rate of 3% in the third quarter, the Commerce Department said Friday. Both business investment and consumer spending made solid contributions to third-quarter gains. That headline, however, masks the fact that overall growth is still closer to 2%, and some key […]

Inflation, strangely low, holds key to 2014 Fed policy

Pin It

From Moneynews Stubbornly weak inflation is shaping up as the wild card for U.S. monetary policy makers this year, with top Federal Reserve officials stumped by why it has lingered so low for so long and at odds as to what to do about it. As the Fed wrestled through last year with deciding when […]