The consumer is coming back. Manufacturers are seeing the pick-up in spending growth as reason to expand production
NEW YORK/LONDON — Manufacturing in China and the United States grew this month at the fastest pace in about two years while data suggesting German growth picked up boosted hopes for a swifter eurozone recovery.
As the Fed gets ready to taper ‘QE’, UBS' Larry Hatheway warns investors to brace for a period of increased international policy tension. Previously harmonized - but not coordinated - monetary policy stances will give way to conflicting objectives and new strains as adverse ‘spillovers’ occur. As Hatheway notes, we are about to rediscover several inconvenient truths. First, the Fed is the US, not the world’s, central bank.
The economy in the U.S. grew at a faster pace in the first quarter, reflecting the biggest increase in consumer spending in two years as households overcame a drop in incomes by putting less money in the bank.
TOKYO (AP) — Japan's trade deficit ballooned to a record $83.4 billion in the last fiscal year as a surge in exports to the U.S. failed to offset the impact from territorial tensions with China and weak demand from crisis-stricken Europe.
WASHINGTON — The U.S. economy unexpectedly contracted in the fourth quarter, suffering its first decline since the 2007-09 recession as businesses scaled back on restocking and government spending plunged.
Gross domestic product fell at a 0.1% annual rate after growing at a 3.1% clip in the third quarter, the Commerce Department said on Wednesday.
That was the worst performance since the second quarter of 2009, when the recession ended, and showed the economy entering the new year with no momentum.