The U.S. economy continued to grow during the second quarter, but the pace slowed even more than economists were expecting, according to a government report Friday.
Gross domestic product, the broadest measure of the nation’s economic activity, rose at a 2.4% annual rate during the three months ended June 30, the Commerce Department said.
The sluggish pace is down from the upwardly revised 3.7% growth rate in the first quarter, and missed economists’ forecast for a 2.5% increase.
Still, the figure marked the fourth straight quarter of growth and confirmed economists’ views that the recession that began in December 2007 ended at some point in the middle of 2009.
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Over the past two months I have written three articles relating to the so-called financial crisis for the Business Insider. Those three articles in order of their publication were called: (1) Fannie and Freddie Need to Go—Now; (2) How Twenty-Five Years of Mismanagement at Fannie and Freddie Caused the Financial Crisis; and (3) Why [...]
A top U.S. Federal Reserve official warned Thursday the U.S. economy is close to sliding toward Japanese-style deflation, and the current policy of keeping interest rates at near-zero for an extended period might exacerbate matters.
James Bullard, president of the Federal Reserve Bank of St. Louis, said in a policy paper the best way to avoid [...]
If you’re like me and reluctant to join the stock market frenzy with open arms, then consider buying reverse index funds that bet against Treasury bonds.
This strategy offers a high value alternative to joining a 50%-plus stock market rally since March as long-term interest rates rise on most days when the stock market climbs.
As stocks [...]
A top U.S. Federal Reserve official warned Thursday the U.S. economy is close to sliding toward Japanese-style deflation, and the current policy of keeping interest rates at near-zero for an extended period might exacerbate matters.
James Bullard, president of the Federal Reserve Bank of St. Louis, said in a policy paper the best way to avoid [...]
The U.S. economy continued to grow during the second quarter, but the pace slowed even more than economists were expecting, according to a government report Friday.
Gross domestic product, the broadest measure of the nation’s economic activity, rose at a 2.4% annual rate during the three months ended June 30, the Commerce Department said.
The sluggish pace [...]
Overall economic activity in the US improved in recent months but certain districts witnessed slowdown, according to the Federal Reserve.
The apex bank also noted that manufacturing activities slowed down in certain parts of the country.
These comments are part of the Federal Reserve’s latest Beige Book, which provides a snapshot of economic activities in 12 states, [...]
The U.S. economy is out of the ditch. But is there enough gas left in the engine to reach highway speed?
The recovery faces a crucial test over the next couple of months: Either it will pick up vital momentum from increased consumer spending and investment or stall out, dipping into a period of anemic growth [...]
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