11:36 AM, Feb 26, 2015 • By GEOFFREY NORMAN
The recovery may be slowing and the end of the Fed’s QE efforts receding further into the future.
As Bloomberg reports:
Jobless claims increased by 31,000 to 313,000 in the week ended Feb. 21 from a revised 282,000 in the prior period, a Labor Department report showed today in Washington. The median forecast of 49 economists surveyed by Bloomberg saw claims little changed at 290,000.
Meanwhile, as Business Insider reports:
Consumer prices fell 0.7% in January, a bit more than expected, while "core" inflation rose slightly more than forecast at 0.2%.
9:38 AM, Feb 25, 2015 • By GEOFFREY NORMAN
The Obama administration’s line on the economy appears to be that it has finally turned the corner and things are truly humming. And maybe so. But there are signs of trouble amid all the good cheer.
12:01 AM, Feb 7, 2015 • By IRWIN M. STELZER
We should “stop thinking about the economy as being in a perpetual crisis” commented Charles Plosser, President of the Federal Reserve Bank of Philadelphia, after the government announced on Friday that the private sector added 267,000 jobs in January, and that upward revisions to November and December data brought total job creation in 2014 to over three million.
3:36 PM, Feb 2, 2015 • By GEOFFREY NORMAN
The first number in a week that will produce many of them, culminating with monthly non-farm payrolls, is not promising for the recovery.
12:34 PM, Jan 30, 2015 • By GEOFFREY NORMAN
Listen to the president, his staff, and his supporters and you might be ready to believe that the economy is on a rocket ride to prosperity. More jobs, lower gas prices, increased consumer spending. So now, at last, we can afford to do away with sequestration and other implements of austerity. Time to grow and spend and prosper.
Striking the right balance. Feb 9, 2015, Vol. 20, No. 21 • By CHARLES WOLF JR.
President Obama can’t run again, as he noted in the State of the Union last month, but he sought to use his address to set the tone for the 2016 campaign. His repeated references to “middle-class economics” were tactful code, speaking in front of a Republican-controlled Congress, for that perennial Democratic favorite, the inequality debate.
11:48 AM, Jan 27, 2015 • By GEOFFREY NORMAN
Predictions of a robustly growing economy may prove as evanescent as yesterday’s winter storm warnings.
7:01 AM, Jan 27, 2015 • By JERYL BIER
The White House launched a new campaign this week to build support for President Obama's executive action on immigration.
1:39 PM, Jan 10, 2015 • By DANIEL HALPER
President Obama is in a good mood. He believes the country, under his leadership, is heading in the right direction.
"About a year ago, I promised that 2014 would be a breakthrough year for America. And this week, we got more evidence to back that up," the president begins his weekly address.
9:00 AM, Jan 3, 2015 • By IRWIN M. STELZER
Had enough good economic news to see you through the holidays? Good. But if you plan to ask, “Please, sir, I want some more” you might be in store for your own Oliver Twist moment. Here’s why:
2:33 PM, Dec 30, 2014 • By GEOFFREY NORMAN
The economic news has been getting better, especially regarding the price of oil. Which the consumer sees as what he forks over at the pump. And that, as we all know, is one price the trend of which we follow every day.