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.
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.
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.
1:09 PM, Jan 21, 2015 • By GEOFFREY NORMAN
What should be a recovery on steroids – after all, it has had six years to get in shape – is still not up to speed. If there were as many people in the labor force now, as there were when President Obama came into office, the unemployment rate would be close to 10%. And the spirit of entrepreneurship has dimmed to the point that, as Gallup finds:
4:31 PM, Jan 19, 2015 • By GEOFFREY NORMAN
Barack Obama and his disciples began worrying about his legacy even before he took office. He would not be satisfied to be judged competent or good. He was going to be a transformative president.
11:07 AM, Jan 19, 2015 • By GEOFFREY NORMAN
The president is proposing more higher education (at the community college level) as a cure for our economic woes. Along with some substantial tax increases, of course. But is more college the answer?
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: