Economy News Updates

Government, Business

IMF Cuts US Economy Outlook, Calls Trump's Growth Target Unlikely

The International Monetary Fund cut its outlook for the U.S. economy, removing assumptions of President Donald Trump’s plans to cut taxes and boost infrastructure spending to spur growth.

June 28, 2017
Government, Business

Slowdown in Business-Equipment Orders May Weigh on Growth

Commerce Department data showed an unexpected decline in U.S. orders for business equipment.

June 26, 2017
Government

Ohio EPA to Lower Nitrogen Oxide Output; Effort to Be Funded by $71.4 Million from VW

Ohio expects to receive $71.4 million from the Volkswagen Mitigation Trust Agreement between 2017 and 2027 to fund projects to reduce nitrogen oxide emissions from commercial trucks and other sources in the transportation sector, the Ohio Environmental Protection Agency said.

June 26, 2017
Government

Surging Prices for New °®¶ą´«Ă˝s Suggest Tight Low-End Supply

Record prices for new U.S. homes amid a sales pickup indicate the supply of houses may be tight at the lower end of the market, pinching first-time buyers, government data showed June 23.

June 23, 2017
Business

Jobless Claims Show Tight Labor Market, Even With Increase

The slight gain in filings for U.S. unemployment benefits last week is still consistent with a resilient job market, Labor Department figures showed June 22.

June 22, 2017
Business

ATA Economic Summit Will Assess Health of Key Industries Using Trucking Services

Fleet executives will get a chance to check out the health of their customers’ industries at an economic summit, where chief economists from nine trade associations provide briefings on the current state of those business groups and what is expected in coming months.

June 19, 2017
Business

US Slips in Global Competitiveness Ranking as China Shoots Up

The United States fell out of the top three in a global competitiveness ranking, as executives’ perception of the world’s biggest economy deteriorated after Donald Trump’s election as president.

June 5, 2017
Business

Solid Pace of Expansion in US Services Shows Firmer Economy

Industries making up the bulk of the U.S. economy continued to expand at a solid pace in May, adding to signs of steady growth this quarter, a survey from the Institute for Supply Management showed June 5.

June 5, 2017
Government, Business

Bernanke Says Economy Nearing Capacity With Jobless Rate Low

The U.S. economy should continue to deliver moderate growth but there is limited scope to pick up that pace with the jobless rate “about as low as it can go,” former Federal Reserve Chairman Ben Bernanke said.

May 17, 2017