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No downturn imminent, economists tell Md. bankers
Despite increased volatility from the stock market during the past month, economic growth should be expected to continue following a strong 2018, financial leaders and economists said at the Maryland Bankers Association 12th Annual “First Friday” Economic Outlook Forum. While the stock market has waxed and waned, Friday’s strong jobs report supported notions that economic […]
Cushman & Wakefield: Don’t sweat stock market struggles
Commercial real estate services firm Cushman & Wakefield’s macro economic report predicts another solid year in the U.S. Economy. Moderate growth of about 2.4 percent GDP is expected in 2016. That level of GDP growth, along with the anticipated job growth, are in line with the strong demand for office and industrial space the country […]
US economy surged at 3.7 percent rate second quarter
The U.S. economy posted a much bigger rebound in growth during the spring than previously reported, thanks to greater spending by businesses and consumers. The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, more than a percentage point greater than the initial 2.3 percent […]
Pace of U.S. hiring weakens; 126K jobs added in March
The weakening U.S. economy spilled into the job market in March.
U.S. economy grew at 5 percent clip
The U.S. economy's annual growth rate in the third quarter, the fastest in more than a decade, was driven by strong consumer spending and business investment.
Fed says economy has slowed, takes no new steps
WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to boost growth if hiring remains weak. The Fed took no new action after a two-day policy meeting. But it acknowledged in a statement released after the meeting that economic activity had slowed […]
Consumer confidence up in February to highest level in a year
NEW YORK — Americans are feeling better about the economy again, but will it last this time? A widely watched barometer of consumer confidence surged in February to its highest level in a year as Americans took note of improving job prospects among friends and family and falling unemployment, which is now at a three-year […]
Economists see more reasons for optimism this year
NEW YORK — Economists are increasingly confident that some pillars of the U.S. economy will improve this year, but they still remain cautious in their expectations on the overall pace of economic growth. The National Association for Business Economics said Monday that forecasters have raised their expectations for employment, new home construction and business spending […]
Fed: Slightly lower growth, unemployment in 2012
WASHINGTON — The Federal Reserve went further than ever Wednesday to assure consumers and businesses that they’ll be able to borrow cheaply well into the future. The Fed pushed back the date for any likely increase in its benchmark interest rate by at least a year and a half, until late 2014 at the earliest. […]
New year starts with hopeful outlook on hiring
WASHINGTON — The job market is looking a little brighter at the start of the new year. Weekly unemployment benefit applications have fallen to levels last seen more than three years ago. Holiday sales were solid. Service companies grew a little faster in December. And many small businesses say they plan to add jobs over […]
Manufacturing grows at fastest pace in 6 months
WASHINGTON — Manufacturing grew in December at the fastest pace in six month, the latest sign that the U.S. economy gained momentum at the end of last year. The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index rose to 53.9 from 52.7 in November. Readings above 50 indicate expansion. […]
Fed ready for even further transparency
WASHINGTON — The Federal Reserve under Ben Bernanke has gone further than ever to explain its policies to the public. It’s ready to go further still. A Fed policy meeting Tuesday will likely focus, in part, on an evolving plan to reveal the direction of interest rates more explicitly. The Fed may decide, for example, […]
