Dollar falls as weak U.S. data support gradual rate-hike view
The dollar fell broadly on Thursday as a plunge in U.S. durable goods orders supported the view of weakening U.S. growth due to softer global demand, which may cause the Continue Reading
Fed keeps interest rates steady, closely watching global markets
The Federal Reserve headquarters in Washington September 16 2015. The Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, but Continue Reading
World faces wave of epic debt defaults, fears central bank veteran
The next task awaiting the global authorities is how to manage debt write-offs without setting off a political storm The global financial system has become dangerously unstable and faces an Continue Reading
This Time, Cheaper Oil Does Little for the U.S. Economy
It has been a truism of the American economy for decades: When oil prices rise, the economy suffers; when they fall, growth improves. But the decline of oil prices over Continue Reading
The U.S. Is At The Center Of The Global Economic Meltdown
While the economic implosion progresses this year, there will be considerable misdirection and disinformation as to the true nature of what is taking place. As I have outlined in the Continue Reading
IMF Cuts Global Growth Forecast to 3.4% in Year of ‘Great Challenges’
The International Monetary Fund cut its world growth outlook, as the commodities slump and political gridlock push Brazil deeper into recession, plunging oil prices hobble Mideast crude producers, and the Continue Reading
US manufacturing sector’s woes pose wider dangers
If currencies at least partly determine where things get made, the continued rise in the US dollar is bad news for manufacturers in the US. It is especially bad news given Continue Reading
Weak U.S. data deluge points to sharply slower growth
U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth Continue Reading
U.S. freight volume falls for first time in almost three years: Kemp
Freight volumes in the United States have fallen year on year for the first time since 2012 and before that the recession of 2009, according to the Bureau of Transportation Continue Reading
Retail Sales, Factory Output Decline: U.S. Economic Takeaways
What you need to know about Friday’s U.S. economic data: RETAIL SALES (DECEMBER) Fell 0.1 percent after a 0.4 percent (revised from 0.2 percent) gain in November Rose 2.1 percent Continue Reading