US Holiday Retail Sales Growth Weakest Since 2008
U.S. holiday retail sales this year were the weakest since 2008, when the nation was in a deep recession. In 2012, the shopping season was disrupted by bad weather and consumers’ rising...
read moreRepublican ‘Plan B’ Heads for House Vote
Defying a White House veto threat, House Republicans on Thursday are pressing forward with a vote on a bill to raise taxes on Americans earning more than $1 million a year, in a bid to increase...
read moreFed’s Lacker: Jobless Rate Won’t Hit 6.5% for Three Years
Richmond Federal Reserve President Jeffrey Lacker, the only Fed member to oppose the new numerical targets for unemployment and inflation, told CNBC Monday that it will take three more years before...
read moreFRB: Press Release 12.12.12
Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent months, apart from...
read moreUnemployment Rate Falls to 7.7% From 7.9%: Sandy Not A Factor
Businesses maintained a steady but unspectacular pace of hiring in November and the unemployment rate fell to the lowest level in four years as the huge U.S. economy brushed off the damage caused by...
read moreObama: ‘We Can Probably Solve This in a Week’
President Barack Obama told business leaders Wednesday a deal on the “fiscal cliff” could be reached in a week if Republicans accepted the idea of higher tax rates on the wealthy. He also...
read moreThird-Quarter Growth Revised Up To 2.7%
The U.S. grew much faster in the third quarter than originally reported, but softer consumer spending and business investment suggest the economy did not enter the final three months of 2012 with a...
read moreConsumer Confidence Hits More Than 4 year High
Consumer confidence rose to a four-and-a-half-year high in November as consumers became more optimistic about the outlook for the economy, according to a private sector report released on Tuesday....
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