Investors have their eyes on the U.S. bond market, where the spread between three-month Treasury bills and 10-year note yields inverted for the first time since 2007. The inverted yield curve is widely understood to be a leading indicator of… Read More ›
The spread, or yield curve, between the 3-month and 10-year Treasury notes just broke the longest streak ever of being above 10 basis points, or 0.1 percentage point. The two maturities were last below that level in September 2007, a… Read More ›
Output at U.S. factories decreased 0.4% in February after falling 0.5% in January, according to Federal Reserve data released Friday. The decline was spread across multiple sectors, with output of machinery, electronics and apparel all dropping. Friday’s Fed report showed… Read More ›
Growth in China’s industrial output fell to a 17-year low, in the first two months of the year, pointing to further weakness in the world’s second-biggest economy… But investment picked up speed as the government fast-tracked more road and rail projects, offering some relief for policymakers as they work to avert a sharper slowdown, data showed on Thursday.
The breakneck pace of hiring slumped in February, a sign that U.S. growth is cooling, though strong wage growth and earlier robust job gains suggest the economy’s near decadelong expansion will endure. U.S. nonfarm payrolls rose a seasonally adjusted 20,000 in February, the Labor Department said Friday, marking the slowest pace for job growth since September 2017—when hurricanes skewed hiring patterns—and falling well below economists’ expectations for 180,000 new jobs.
China’s exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures.
The U.S. Labor Department’s closely watched monthly employment report on Friday could show moderation in employment growth, in line with a slowing economy that in July will mark 10 years of expansion, the longest on record.
The European Central Bank signaled a major policy reversal Thursday, flagging plans for fresh measures to stimulate the eurozone’s faltering economy less than three months after phasing out a €2.6 trillion ($2.9 trillion) bond-buying program, making it the first rich-country central bank to ease policy in response to a global slowdown.
U.S. Record Annual Trade Deficit. The Shortfall Grew Last Year Despite President Trump’s Aim To Reduce It
The international trade deficit in goods and services widened 19% in December from the prior month to a seasonally adjusted $59.8 billion, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had expected a $57.3 billion gap.
Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market.
Job growth has remained vibrant despite the slow-growing economy, and that’s a trend investors are anxious to see confirmed in the February employment report on Friday.
The goods trade deficit jumped 12.8 percent to $79.5 billion in December, boosted also by an increase in imports. Exports fell 2.8 percent amid steep declines in shipments of foods, industrial supplies and capital goods. Imports increased 2.4 percent driven by food and capital and consumer goods.
The U.S. Commerce Department Sent a Report on Sunday to U.S. President Donald Trump that Could Unleash Steep Tariffs on Imported Cars and Auto Parts
A report from the Center for Automotive Research in Ann Arbor, Michigan, published on Friday showed its worst-case scenario of a tariff of 25 percent would cost 366,900 U.S. jobs in the auto and related industries.
China’s Economy Is In “Long-Term Decline” And Growth From 2020 Will Be Increasingly Dependent On Foreign Capital, According To Morgan Stanley
China will likely become more reliant on foreign capital as the country looks set to enter into years of shortfall in its current account, Morgan Stanley predicted in a report. “The economy’s current account is in long-term decline and the future growth of the economy will be increasingly dependent on foreign capital,” said the investment bank in a report on Tuesday.
The U.S. Trade Deficit Fell To $49.3 Billion In November, The First Decline After Five Straight Months Of Increases
A release from the government Wednesday showed the gap had closed in November, the most recent month for which data was available, to $49.3 billion from $55.7 billion in October, representing an 11.5 percent decline. Economists surveyed by Dow Jones had been looking for a deficit of $54.3 billion.
Analysts Warn Car Makers Could Be Forced To Cut Factory Production With U.S. Auto Sales Expected To Weaken In 2019
While January is typically a slower month for new-vehicle sales, analysts say the rising stock levels are becoming problematic because car companies will start this year with more unsold inventory than they had three years ago when U.S. auto sales peaked at 17.55 million for the year.
“The case for raising rates has weakened somewhat,” Fed Chairman Jerome Powell said at a news conference after the central bank’s latest policy meeting
The federal government shutdown cost the economy $11 billion, according to a new analysis from the nonpartisan Congressional Budget Office.
Although most of the damage to the economy will be reversed as the government re-opens and workers return to their jobs, the CBO estimated $3 billion in economic activity is permanently lost.
U.S. home sales tumbled to their lowest level in three years in December and house price increases slowed sharply
Existing home sales, which make up about 90 percent of U.S. home sales, plunged 10.3 percent from a year ago. For all of 2018, sales fell 3.1 percent to 5.34 million units, the weakest since 2015.
U.S. import prices fell for a second straight month in December, leading to the largest year-on-year drop in more than two years
Import prices declined 1.0 percent last month after dropping 1.9 percent drop in November. Economists polled by Reuters had forecast import prices decreasing 1.3 percent in December.