WASHINGTON (AP) -- U.S. job growth slumped in April for a second straight month. It suggested an economy that is growing steadily but still sluggishly, which could further tighten a close presidential race....
OTTAWA – Canada’s Conservative government does not expect to launch a new round of fiscal stimulus despite the possibility of weaker-than-expected growth in the first quarter, Finance Minister Jim Flaherty said on Wednesday.
“I don’t see the need for it, quite frankly. I think we have adequate economic growth, and I think the prospects for stronger economic growth later in the year and next year are good,” Flaherty told a news conference.
I think the prospects for stronger economic growth later in the year and next year are good
Now that we're well past the statistical anomalies associated with the timing of the Chinese New Year/Spring Festival holiday, the year-over-year growth rates of the value of trade between the U.S. and China indicates that China's economy has likely fallen back into recession, while the U.S. economy is growing, if sluggishly, through May 2013:
Charles Lieberman submits:Household confidence remains low, despite evidence that the economy has been growing for three quarters. Perceptions do not appear to be aligned with the economic outlook.News accounts remain quite mixed, with the usual emphasis on negative interpretations of the data, even when it is positive. This contributes to the sense of concern.
Oil markets look well supplied in the short term but prices could rise in the next few months due to a seasonal increase in demand and production problems in some OPEC producers, the West’s energy watchdog said on Thursday.
The International Energy Agency (IEA) said in its monthly report oil was likely to stay volatile with prices responding to political turmoil in Libya, security problems in Iraq and stronger northern hemisphere winter consumption.
Marc Chandler submits:The US dollar has fully recouped the losses inflicted in the immediate aftermath of the FOMC’s decision to recycle the MBS and Agency bond holding proceeds backing into Treasuries.