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Tag Archives: great recession

Factory orders rose 2.8 percent in July

WASHINGTON — Orders to U.S. companies rose in July, reflecting a surge in demand for autos and commercial aircraft. But in a troubling sign of manufacturing weakness, a key orders category that tracks business investment plans fell by the largest ...

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Consumer spending rose 0.4 percent in July

WASHINGTON — Americans spent at the fastest pace in five months in July after earning a little more. The increase in income and consumer spending could help boost an economy mired in subpar growth. Consumer spending rose 0.4 percent in ...

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Fed survey finds moderate growth during summer

WASHINGTON — The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter, suggesting growth will stay weak in the second half of the year. Slightly stronger consumer spending and greater exports were the main reasons ...

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Most Americans say the rich don’t pay enough taxes

WASHINGTON — As the income gap between rich and poor widens, a majority of Americans say the growing divide is bad for the country and believe that wealthy people are paying too little in taxes, according to a new survey. ...

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Drop in key U.S. durable goods orders shows weakness

WASHINGTON (AP) — Signs that U.S. manufacturing is faltering emerged from a report Friday that orders for long-lasting factory goods, excluding the volatile transportation category, fell in July for the fourth time in five months. Overall orders for durable goods ...

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Average on 30-year mortgage up to 3.66 percent

WASHINGTON — Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year. Mortgage buyer Freddie Mac says the rate on the ...

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Consumer prices steady, but drought could mean hikes

WASHINGTON — U.S. consumer prices were unchanged in July from June, as a small drop in energy costs offset slightly higher food prices. The consumer price index hasn’t increased since March, evidence that the weak economy is keeping inflation in ...

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