Photograph by Andrew Harrer/Bloomberg
A sale sign at a retail store in the Georgetown neighborhood of Washington, D.C.
Slow Inflation: Warning Signal
Falling prices may sound good to the U.S. consumer, but Federal Reserve policy makers may be cringing at figures this morning showing that inflation has slipped further below their 2 percent target. The personal consumption expenditures price index, the Fed’s...
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Photograph by Patrick T. Fallon/Bloomberg
Employees work on the wing of a Boeing Co. 787 Dreamliner during final assembly of the airplane at the Boeing Co. factory in Everett, Washington, on May 28, 2013.
Payroll Gains, Inflation Concerns: Fed
Recent payroll gains, especially combined with depressed prices, still aren’t enough to break out the champagne and halt the Federal Reserve’s unprecedented stimulus, Boston Fed President Eric Rosengren said today. “While we have seen some improvement in labor market conditions,...
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Photograph by Brent Lewin/Bloomberg
Canadians were most upbeat, with 82 percent registering a “good” rating of their finances.
Households Rate Their Finances Above Their Government’s
When it comes to making ends meet, consumers say they are doing a better job than their governments. Consumers around the world are more optimistic about their personal finances than those of their national economies, according to a 39-country survey...
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Photograph by Julio Cortez/AP Photo
People stand behind a barricade while they wait to catch a glimpse of Britain's Prince Harry, who is expected to visit Casino Pier during a tour of the area hit by Superstorm Sandy, on May 14, 2013, in Seaside Heights, N.J.
Prince Harry: Jersey Shore Open for Business Post-Sandy
After the biggest Atlantic storm on record struck the New Jersey shore last October, Seaside Heights Mayor William Akers was asked repeatedly if the town would rebuild in time to welcome summer tourists. “Oh, no problem,”he’d reply. “The truth of the...
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Photograph by Scott Eells/Bloomberg
A welder welding the frame of a modular housing unit at the Brooklyn Navy Yard in the Brooklyn borough of New York.
Behind the Growth: Manufacturing Lags
The lower-than-expected reading this morning for U.S. economic growth in the first quarter has revealed a few victims even as growth picked up — among them, factories. “Manufacturing activity remains weak relative to the larger economy,” in part due...
Read more »Consumers Most Confident in Five Years
If the economy is cooling, consumers aren’t noticing. The Bloomberg Consumer Comfort Index climbed to minus 29.2 in the week ended April 14, the highest since January 2008, from minus 34 in the prior period. The jump was the biggest...
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Photograph by Ty Wright/Bloomberg
Home sales at the River Valley Highlands neighborhood in Lancaster, Ohio.
Home-buying? Forgo College
If you want to own a house, it may pay to be less educated. Homeownership rates among 30-year-olds with student debt plunged in 2012 more than for those without, according to an analysis published today by researchers at the New...
Read more »Housing Glass Half-Full: UBS Economist
The half-empty housing glass is actually half-full. That’s the conclusion of Sam Coffin, an economist for UBS Securities LLC in Stamford, Connecticut, as he explores pent-up demand in housing ahead of home construction numbers set for release tomorrow. Household formation,...
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Photograph by Victor J. Blue/ Bloomberg
Pedestrians carry shopping bags on Fifth Avenue in New York.
Americans Critical of Economic Stewardship — Though Less So
The grades are still low, but they’re better than last year. While Washington policy makers are being blamed for sequestration and the budget impasse, Americans this year are registering improving confidence in their leaders’ ability to “do or to recommend...
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Photograph by Victor J. Blue/Bloomberg
Members of the media are reflected in the window of the One World Trade Center observation deck as the Manhattan skyline stands in New York on April 2, 2013.
Real Estate: Silver Lining of Cloudy Economy
While recent economic indicators, including a disappointing payrolls report last week, have spoiled the party of early-year gains, the nascent housing recovery may once again offer a reason for optimism elsewhere in the expansion. Retail office space and other commercial...
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