A Federal Reserve report on the U.S. economy suggests a slowing in growth since the beginning of the year and upward price pressures.The Fed today released its beige book, a summary of economic activity prepared for use at the central bank’s Federal Open Market Committee meeting set for March 18.The report, collecting data from the […]
U.S. factory orders took a big slide in January, while the services sector performed better than expected in February.Orders for manufactured goods decreased 2.5%, following a revised 2.0% climb in December, the U.S. Commerce Department said today. Originally, factory orders were seen 2.3% higher in December. Economists forecast factory goods orders 2.5% lower in January.Demand […]
Construction spending weakens
Q4 GDP growth rate slides to 0.8% annual pace
Fed inflation gauge climbs 2.2%
Goods exports weaken further
Business spending slumps
Biggest gains forecast in oil and gas extraction, transportation, and electricity generation
IBM's positive outlook pushes U.S. stocks higher
Largest share of household budgets goes to personal taxes