Category: Economy

Weekly jobless claims Dec 22 2018

The latest claims data “signals improvement in the labor market relative to a few weeks ago, but softening in conditions relative to a few months ago,” said...

El-Erian stunned by recession talk, warns of self-fulfilling prophecy

Economist Mohamed El-Erian is warning Wall Street that being overly concerned about an economic recession could actually cause one. “I’m stunned by all this...

US housing starts nov 2018

U.S. homebuilding rebounded in November, driven by a surge in multi-family housing projects, but construction of single-family homes fell to a 1½-year low, pointing to...

Nearly half of corporate CFOs are expecting a US recession by the end of 2019

Indeed, the results show 86 percent see a Canada recession by the end of 2019, with the figure at 66.7 percent for Europe, 54 percent for Asia and 42 percent for Latin...

James Bullard becomes first on Fed to suggest delaying December hike

Bullard, a monetary policy dove, may be trying to persuade members of the FOMC that a more cautious approach to tightening will be necessary. Market participants see a...

November ISM Manufacturing and October construction spending

A subindex of prices paid fell to 60.7 from 71.6 in October, coming in well below estimates for a reading of 70. Gauges of new orders and employment rose. Separate...

Fed Chairman Powell now sees current interest rate level ‘just below’ neutral

Federal Reserve Chairman Jerome Powell said Wednesday he considers the central bank’s benchmark interest rate to be near a neutral level, an important distinction...

Southeast Asia could attract manufacturing

Maike Elan | Bloomberg | Getty Images Motorcyclists pass vendors selling food in a market at night in Ho Chi Minh City, Vietnam, on Wednesday, June 20, 2018. The trade...

50 percent chance of a US recession by 2020

Former Treasury Secretary Larry Summers has put the chances of a U.S. recession at 50 percent within the next two years. The economist told CNBC’s Joumanna...

Firms trying to fill jobs ‘should try paying more,’ Fed’s Kashkari says

Companies should try digging in their pockets if they’re looking to find workers for unfilled jobs, Minneapolis Fed President Neel Kashkari said Tuesday. With the...