How an American consumer feels about the economy increasingly depends on politics. The University of Michigan’s index of consumer sentiment was virtually unchanged from its midmonth reading and September, hitting 81.8. That is 14.3 percent below the year ago level.
“The polls right now say he isn’t going to win, but they said that four years ago,” Gundlach said
Jobless claims made a significant move downward.
The U.S. economy experienced a record-breaking expansion after the lockdowns.
The French people have been told not to leave home except for essential purchases, medical needs, and one hour a day of exercise.
Investor confidence in the global recovery has been shaken by rising infections.
Americans cannot wait to get on the road again.
Consumers feel better about current conditions but have grown less confident about the future, especially when it comes to jobs.
Manufacturing activity in the Carolinas, Virginia, West Virginia, and Maryland strengthened in October, according to a survey from the Richmond Fed released Tuesday. The composite index, compiled from surveys taken from manufacturing businesses in the Fed’s Fifth District, rose from
Here are six major problems Americans should brace themselves for if Joe Biden is elected.
A powerful resurgence for durable goods orders in September.
“If President Trump wins, our future looks bright, and if Mr. Biden wins, it will be gloom and doom for long period of time,” an executive from a metals manufacturer told the Dallas Fed
An unexpectedly month-over-month decline for new home sales.
Wisconsin does not produce a drop of oil or a puff of natural gas, but Joe Biden’s plan to move the U.S. off of fossil fuels would hit the state hard.
Biden’s program of subsidies for renewable energy and penalties for fossil fuels would effectively eliminate fracking in the United States by eliminating its economic viability.
Claim: “Nancy Pelosi doesn’t want to approve anything because she’d love to have some victory after November 3rd,” President Donald Trump said on Thursday when asked why a stimulus bill has not been passed.
CLAIM: Democrat presidential candidate Joe Biden said during the last debate Thursday night that President Donald Trump has done nothing to help small businesses during the coronavirus pandemic.
Biden repeated his false claim that the trade deficit with China is up. In fact, the U.S. trade deficit in goods is on pace to be at its lowest since 2009.
Unemployment claims were falling even while th “60 Minutes” star insisted otherwise.
Sales of existing homes jumped 9.4 percent in September to an annualized rate of 6.54 million, the fourth consecutive monthly gain.
New claims for unemployment benefits tumbled by much more than expected to 787,000 in the week ended October 17.
Without policies to protect manufacturing from China’s predatory policies, Pennsylvania would have been much worse off during the pandemic
Get ready to start hearing that offices in New York City will not fully reopen until at least March 2021.
Democratic presidential nominee Joe Biden has repeatedly promised that he would not ban fracking—a vital economic bulwark in the battleground state of Pennsylvania—if elected.
American homebuilders are scrambling to build suburban homes to keep up with a rush out of big cities.
President Donald Trump is behind in every national poll, but he enjoys a small lead among voters not aligned with either party, data from the University of Michigan’s survey of American consumers show.
Homebuilder confidence set a record high for the third consecutive month.
Total federal debt held by the public rose 25 percent while Treasury yields fell 57 percent.
Trump and Biden are nearly tied among independents in the University of Michigan’s survey of consumers.
Sales rose 1.9 percent, more than double the expected gain.
