Economy Week Ahead: Factory Activity, Trade and Employment
The U.S. jobs report for August will be in focus this week. Tuesday China’s factory activity is forecast to expand...
indicators
Powell Says Fed Could Start Scaling Back Stimulus This Year
Federal Reserve Chairman Jerome Powell reaffirmed the central bank’s emerging plan to begin reversing its easy-money policies later this year...
White House More Than Doubles Its Inflation Forecast in New Update
WASHINGTON—The White House more than doubled its forecast for annual inflation in new projections released Friday, as supply-chain disruptions stemming...
U.S. Household Income Jumped in July as Spending Growth Slowed
U.S. household income rose rapidly last month as the government handed out enhanced tax breaks for parents, priming the economy...
House Passes $3.5 Trillion Budget Blueprint, Sets Deadline for Infrastructure Bill
WASHINGTON—The House narrowly passed a measure approving a $3.5 trillion budget blueprint and locking in a late September vote on...
U.S. Home Sales Rose 2% in July Amid Higher Inventory
The U.S. housing market remained strong in July, with sales of previously owned homes rising at a faster pace than...
Economy Week Ahead: Housing, Inflation and the Fed
Federal Reserve Chairman Jerome Powell’s remarks at the central bank’s Jackson Hole economic symposium on Friday cap off a full...
Jobless Claims Likely to Fall as Labor Market Withstands Delta Variant
Applications for unemployment benefits are likely to reach a new pandemic low, showing a healing labor market even as the...
U.S. Economy Likely to Outgrow China’s Due to Contrast in Pandemic Responses
The U.S. and China are trading places in the economic growth race. U.S. gross domestic product rose 12.2% in the...
Inflation Stayed High in July as Economy Rebounded
Inflation remained elevated in July as the economic recovery continued, but prices showed evidence of cooling amid pandemic-related supply problems...
