March 19,2018 United States: Trump's Economy Is Still Waiting for the Tax-Cut Boost The U.S. economy is beginning the year with a downshift in growth despite $1.5 trillion in tax cuts signed by President Donald Trump in December. Unexpectedly weak February retail sales pushed down forecasts for the annualized pace of expansion in the first quarter, with the Federal
March 16, 2018 United States: S&P Stuck in Worst Streak This Year Faces Quadruple Witching Equity bulls frustrated with this year’s longest stretch of declines can blame it on a regular market event happening today. That’s when the quarterly expiration of futures and options on indexes and individual stocks, known as “quadruple witching,” takes place.
March 15,2017 United States: U.S. Retail Sales Unexpectedly Fall for Third Straight Month U.S. retail sales unexpectedly fell in February for a third month, adding to signs that consumer spending will cool this quarter from the previous period’s hot pace, according to Commerce Department figures released Wednesday. The results indicate consumer spending, the biggest part
March 14,2018 United States: U.S. Retail Sales Unexpectedly Fall for Third Straight Month U.S. retail sales unexpectedly fell in February for a third month, adding to signs that consumer spending will cool this quarter from the previous period’s hot pace, according to Commerce Department figures released Wednesday. The results indicate consumer spending, the biggest part
March 13, 2018 United States: U.S. Inflation Picked Up in February Without Any Big Acceleration U.S. consumer prices continued to firm in February, indicating inflation is creeping up toward the Federal Reserve's target without the kind of breakout that would warrant a faster pace of interest-rate hikes. Both the main consumer price index and the
March 12, 2018 United States: Ex-Commerce Chief Says Trump Tariffs Could Damage U.S. Economy The tariffs on steel and aluminium levied by President Donald Trump could damage the U.S. economy and set off trade wars with American allies, according to former commerce secretary Penny Pritzker. “The European Union has come out and said they’re going to go after our
March 9, 2018 United States: Strong U.S. job growth forecast; unemployment rate seen at 4 percent U.S. job growth likely rose at a brisk clip in February and probably pushed down the unemployment rate to a more than 17-year low of 4.0 percent, but wage gains are expected to have slowed after three straight months
March 8,2018 United States: U.S. Stocks End Mixed as Trade War Concerns Ease: Markets Wrap U.S. stocks erased deep losses to end the day mixed as White House officials left open the possibility that President Donald Trump’s tariff proposals will spare neighbors from the most severe penalties. The dollar and Treasuries erased gains. The S&P
March 7, 2018 United States: CFO Optimism About U.S. Economy Rises to Record After Tax Cuts Chief financial officers in the U.S. are feeling better than ever in the wake of federal tax cuts enacted late last year. A measure of CFOs’ sentiment about the U.S. economy rose 2.6 points to a reading of 71.2
March 6,2018 United States: Stock futures higher on signs North Korea open to talks U.S. stock futures pointed to a sharply higher opening on Tuesday after South Korea said it would hold its first summit in more than a decade with North Korea and that the latter was open to talks with the United States
