The Bureau of Economic Analysis (BEA) Its FIRST estimate of fourth quarter GDP on Friday morning reports: Real Gross Domestic Product-the value of the production of goods and services in the United States, adjusted for price changes-increased at an annual rate of 2.6 percent in the fourth quarter of 2014. In the third quarter real [...]
The Conference Board Leading Economic Index (LEI) Released Friday, the LEI increased 0.5 percent in December following a 0.4 percent November increase and a 0.6 percent increase in October. December’s gain in the LEI was driven by a majority of its components, suggesting the short term outlook is getting brighter and the economy continues to [...]
The Federal Reserve Beige Book Report Following is a brief summary from the report issued Wednesday: Reports from the twelve Federal Reserve Districts suggests national activity continued to expand during the reporting period of mid-November through late December with most districts reporting a “modest” or “moderate” pace of growth. In contrast eh Kansas City District [...]
Renewed Slide in Oil Prices Sent Energy Prices Tumbling US stocks closed sharply lower Monday with the Dow Jones Industrial Average and the S&P 500 marking their biggest point and percentage declines since October as a renewed slide in oil prices (below $50 per barrel) sent energy prices tumbling. The Dow lost 331 points the [...]