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Tag Archives: economists

Economy gets mixed batch of news ahead of holidays

WASHINGTON — At the start of the critical holiday shopping season, the economy received a dose of mixed news Wednesday. Consumers barely increased their spending in October, and businesses pulled back on investment in long-lasting manufactured goods. Still, Americans’ pay ...

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October home sales rose 1.4 percent but still weak

WASHINGTON — The number of Americans who bought previously occupied homes rose slightly last month but remained at depressed levels. And more deals are being canceled at the last minute, a sign that even those who are looking to buy ...

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Leading indicators rise 0.9 percent in October

WASHINGTON — A gauge of future economic activity rose at solid pace in October, offering hope that the economy may see stronger growth in coming months. The Conference Board reported Friday that its index of leading economic indicators rose 0.9 ...

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Economy shows signs of health after summer slump

WASHINGTON — A gauge of future economic activity edged up at a slower pace in September, signaling only modest economic growth in coming months. The Conference Board reported Thursday that its index of leading economic indicators rose 0.2 percent in ...

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Rate on 30-year mortgage falls to record 4.01 pct.

WASHINGTON — Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further. The average on a 30-year fixed mortgage fell to 4.01 percent this week, Freddie Mac said Thursday. That’s ...

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Businesses boost orders for equipment, machinery

WASHINGTON — Companies ordered more machinery, computers and communication equipment in August, a positive sign for the slumping U.S. economy. An increase in demand for those kind of longer-lasting factory goods suggests businesses are sticking with their investment plans, despite ...

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U.S. home sales jump 7.7 pct. as foreclosures rise

WASHINGTON — The number of Americans who bought previously occupied homes rose in August. But sales were driven by an increase in foreclosures, evidence the housing market remains weak. The National Association of Realtors says home sales rose 7.7 percent ...

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