The New England economy showed clear signs of improvement over the past several weeks as employers began to gain confidence that a recovery is on the way, according to a survey of businesses by the Federal Reserve.
The survey, known as the Beige Book, reported rising home sales in the region and increased demand for temporary [...]
The economic crisis has spread into many areas of the U.S. economy–banks, investment firms, insurance companies, and even the oil markets. But experts seem to agree that the trouble started with bad loans in the housing industry, and grew into a widespread crisis of confidence.
Gus Faucher, the Director of Macroeconomics at the economic website [...]
WASHINGTON (AP) – Economic growth rebounded at better-than-expected 3.3% annual rate in the April-June quarter, the government said Thursday.
The Commerce Department says the economy shifted to a higher gear, growing at its fastest pace in nearly a year, as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.
The revised reading was [...]
Federal Reserve policy makers agreed at their meeting three weeks ago that their next change in interest rates will be to raise them, while reaching no conclusion on the timing of such a decision, according to minutes of the gathering released in Washington today.
“Although members generally anticipated that the next policy move would likely be [...]
The number of homes and apartments being built in the US sank in July to the lowest level in more than 17 years, government figures show.
Builders started work on 965,000 properties, on an annualised basis, from 1.08 million in June, the Commerce Department said.
However, this was not as bleak as some had been expecting.
Separately, inflationary [...]
Recent commentary from the US Federal Reserve has shown a shift from being concerned only about the risks to economic growth in the US to a more balanced outlook where the outlook for inflation is of equal concern for policymakers.
The question is will the Fed move to address the inflation outlook in the short-term given [...]