Economics News Results

  • Concerns About High U.S. Inflation May Be Overblown; Hawkish Talk by Two Federal Reserve Governors

    Inflation next year could be much less than the 5.4% rate at which the consumer-price index has risen over the past 12 months, says Mark Hulbert, a contributor to sister publication Barron's. It's a rosy projection that comes from inflation models with the best historical track records, according to a new study, he writes. Meanwhile, The Wall Street Journal's Michael S. Derby writes that two Federal Reserve governors have indicated the Fed could move forward its timing for an...

  • UK Treasury Chief Sets New Tax, Spending Plans

    Treasury chief Rishi Sunak set new tax and spending plans as forecasts showed the economy is set to grow rapidly in 2021 despite rising inflation and concerns over Covid-19. Sunak said the U.K. economy is forecast by the Office for Budget Responsibility, the U.K.' s fiscal watchdog, to grow 6.5% in 2021 and 6% next year. The budget deficit is forecast to narrow from 7.9% of annual gross domestic product in the fiscal year through March to 3.3% the following fiscal year.

  • German Consumer Confidence Is Expected to Increase in November, Defying Inflation

    Consumer sentiment in Germany is expected to strengthen in November, due to increasing propensity to consume and declining propensity to save, according to data from market-research group GfK released on Wednesday. GfK's forward-looking consumer sentiment index forecasts confidence among households rising to 0.9 point in November from a revised figure of 0.4 point in October. Economists polled by The Wall Street Journal anticipated a drop, expecting sentiment to...

  • U.S. Consumer Confidence Improved in October as Covid-19 Delta Wave Eased

    Consumer confidence in the U.S. increased in October following three months of declines as concerns over the spread of the Covid-19 Delta variant faded amid falling case counts. The consumer confidence index increased to 113.8 in October from a revised 109.8 in September, according to data from The Conference Board released Tuesday. The indicator came in above the 108.0 forecast from economists polled by The Wall Street Journal.

  • U.S. Mid-Atlantic Manufacturing Activity Strengthened in October -- Richmond Fed

    Factory activity in the central Atlantic region of the U.S. expanded in October, signaling that business conditions improved, data from a survey compiled by the Federal Reserve Bank of Richmond showed Tuesday. The Fifth District Survey of Manufacturing Activity's composite index rose to 12 in October from minus three in September. Economists polled by The Wall Street Journal expected the indicator to come in at 5..

  • U.S. New Home Sales Rose in September, Beating Expectations

    Purchases of new single-family houses in the U.S. rose in September amid strong demand and improved supply in recent months. Here are the main takeaways from the Commerce Department's report released Tuesday:. --New home sales increased 14.0% in September compared with August to a seasonally adjusted annual rate of 800,000..

  • 3Q GDP Seen +2.8% -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Wednesday 0830 Durable Goods Orders Sep -1.0% +1.8% Thursday 0830 Jobless Claims Oct 23 289 K 290 K 0830 Real GDP 3 Q +2.8% +6.7%* 0830 GDP Prices 3 Q +5.5% +6.1%* 1000 Pending Home Sales Sep +1.0% +8.1% 1100 Kansas City Fed Mfg Svy Oct 23.5 22 Composite Index Friday 0830 Personal...

  • St. Louis Fed Pushes Back on Hidden Slack Argument; ECB Seen Maintaining View High Inflation Is Temporary

    It appears the Federal Reserve is growing more focused on the inflation element of its dual mandate than jobs, according to sister publication Barron's, which takes a look at St. Louis Fed research that puts a dent in the argument that there is hidden slack in the jobs market. Barron's notes that Chairman Jerome Powell on Friday said it was "very possible" that the Fed would meet its full employment goal next year, which woud put interest-rate increases on the table, a possibility the...

  • Texas Factory Production Eased in October -- Dallas Fed

    Growth in Texas factory output slowed in October compared with the previous month amid severe supply-chain bottlenecks, according to data from the Federal Reserve Bank of Dallas released Monday. The production index of the Texas Manufacturing Outlook Survey, a key measure of state manufacturing conditions, decreased to 18.3 in October from 24.2 in September. The reading signals solid output growth, the Dallas Fed said.

  • Belgium Business Confidence Stabilizes in October

    Business sentiment in Belgium remained unchanged in October, beating expectations for a decline, data from the National Bank of Belgium showed Monday. Business confidence stayed at 4.0 in October, unchanged from the previous month. Economists polled by The Wall Street Journal had expected the indicator to decline to 2.0.

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