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Retail sales in the U.S. reversed course in August along with industrial production, both taking a hit due to due to recent storms, as price inflation reared its head, while consumers appeared to be ever resilient.
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Despite retail sales falling by the biggest amount in 16 months and a dip in consumer prices, the Federal Reserve raised interest rates on Wednesday for the third consecutive quarter as the central bank signaled its confidence in the U.S. economy.
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U.S. job growth continued in May with unemployment hitting its lowest level in 16 years, likely paving the way for the Federal Reserve to hike interest rates again in a couple of weeks.
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Retail sales in the U.S. bounced back in April after falling the month before as two readings of inflation also rebounded, all raising the prospect that the Federal Reserve will increase interest rates again in June.
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Unemployment in the U.S. has fallen again, hitting its lowest level in a decade but minus any contribution from trucking in April, according to a new report released Friday. Meanwhile, a separate report shows some improvements in the nation’s struggling manufacturing sector.
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There are good indications the U.S. economy will further strengthen following recent reports that conditions slowed a bit in the first quarter of the year and at the beginning of the second quarter.
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What does last month's interest rate hike by the Fed mean to trucking? Evan Lockridge explores the question in his monthly HDT Econ Watch column.
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The Federal Reserve on Wednesday increased the nation’s benchmark interest rate for the third time since its first hike in nearly a decade in December 2015, amid evidence of a steady economy and indications of more interest rate increases later this year.
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An increase in new factory orders is one of the latest economic signs that the Federal Reserve is moving close to another jump in interest rates, some analysts believe.
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There are increasing signs the U.S. economy is gaining momentum in the first quarter of the year with gains in home sales and consumer confidence, but it is also fueling speculation that interest rates could head higher as soon as next month.
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