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This morning’s downward revision of the fourth-quarter GDP number, from an already less-than-stellar 2.4 percent down to 2.2 percent, might lead one to believe the economic outlook is weak. But a look inside the numbers shows why things aren’t actually so bad, and why we believe the economy is poised for a stronger spring.
READ MOREThe American Institute for Economic Research takes a hard look at the two very different storylines in the U.S. economy in its March edition of its new Business Conditions Monthly, which was released on Wednesday.
READ MOREThe everyday cost of living, which has generally been down for the last year, swung higher in February, as energy prices snapped back.
READ MOREWe’ve been highlighting some distinct medium- and longer-term trends in consumer prices lately: Energy prices have been markedly down. Service prices have been gaining while the prices of goods have not. As we learned this morning with the monthly release of the Consumer Price Index, some of those trends took a vacation in February.
READ MOREOn the occasion of President Obama’s visit to Cleveland, AIER Senior Research Fellow Bob Hughes appeared on National Public Radio’s Cleveland affiliate on Wednesday to speak about the economy on the program, “The Sound of Ideas.”
READ MOREThe fairly modest federal deficit projected for the next few years has made fiscal discipline a less urgent policy concern than it was only a couple of years ago. But can we believe the projections? Does the fact that the deficit is projected to remain fairly small mean that the deficit is likely to remain fairly small in reality?
READ MOREApple Inc. today joins the Dow Jones Industrial Average, replacing AT&T. For a listing originally based on heavy industry, the fact that Apple, the technology-driven consumer electronics company that has the largest market value in the world, is now entering the Dow reflects how much the economy has changed.
READ MOREObservers are awaiting a statement from the Federal Reserve this afternoon, toward the end of its two-day meeting, that could shed light on when it will start raising interest rates.
READ MORECompanies with happier employees tend to have higher stock prices, according to an interesting report by Glassdoor Inc., which was featured in The Wall Street Journal.
READ MOREHere in picturesque New England, there’s winter and summer, but as the air grows warm and the birds come out, we don’t take off our boots just yet. The snow is melting, mucking up the lawn. And so it is with the economy as well.
READ MOREAmerican households are enjoying the fruits of a stronger economy, as they are seeing a higher net worth, and are feeling comfortable enough to increasingly use more credit, according to new data from the Federal Reserve.
READ MOREA strange brew of economic data continued to bubble today as retail and food service sales fell for the third consecutive month in February, possibly due to severe weather. But that comes despite an improving labor market and other signs that the economy continues to expand. As consumer spending remains solid, researchers at the American Institute for Economic Research suggested a rebound is likely in the coming months.
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