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Manufacturing growth slowed in August
AP - The nation's manufacturing sector grew at a slower clip in August than in July, a trade group said Friday.
Fed's Poole says inflation is under wraps: radio
Reuters - U.S. inflation is under control right
now and the economy is unlikely to suffer from 'cascading
weakness,' St. Louis Federal Reserve Bank President William
Poole said on Tuesday.
US productivity revised a shade higher
AFP - US workers' productivity during the second quarter was slightly better than initially estimated, although it still slowed to 1.6 percent growth from the prior quarter, the government has said.
July wholesale inventories rise 0.8 pct
Reuters - Inventories at U.S. wholesalers rose
by a slightly larger-than-expected 0.8 percent in July on
bigger stockpiles of autos and electrical equipment, a Commerce
Department report on Thursday showed.
Blacks, Hispanics pay more for mortgages
AP - Black and Hispanic home buyers pay more for their mortgages than do whites, according to a Federal Reserve report released Friday.
US economy cooling, but no recession seen: NABE
AFP - The US economy is slowing to a "subdued" pace but is not moving toward recession, a survey of leading business economists showed.
U.S. small business outlook sours in August: survey
Reuters - Small-business optimism soured in
August, falling to its lowest in more than three years as
proprietors expect the U.S. economy to continue slowing, a
survey released on Tuesday showed.
Treasury: Federal deficit down 14.1 pct.
AP - The federal budget deficit, helped by a surge in government revenue, is running 14.1 percent below the pace of last year, the government reported Wednesday.
IMF lifts global growth forecast
AP - The International Monetary Fund on Thursday raised its growth forecast for the world economy, but said expansion could be tempered by inflationary pressures, high oil prices and a likely slowdown in the U.S. caused by the cooling housing market.
Industrial output fell 0.1 percent
Reuters - Output at U.S. factories, mines and
utilities fell unexpectedly by 0.1 percent in August as
utilities production declined with cooler weather, a Federal
Reserve report showed on Friday.
Jump ship or pink slip for some realtors
Reuters - They are jumping ship or receiving the
pink slip. America's real estate agents and mortgage lenders,
that is.
Trade deficit is 2nd highest ever
AP - America's deficit in the broadest measure of foreign trade increased in the spring to the second highest level in history, reflecting a big jump in payments for foreign oil.
"Long Tail" on short list for business book prize
Reuters - 'The Long Tail,' a best seller about
the growing importance of the niche market in today's economy,
was among five books on the short list on Tuesday for the
Business Book of the Year award.
Fed extends interest-rate pause
Reuters - The U.S. Federal Reserve on
Wednesday held its benchmark interest rate steady for a second
straight meeting, biding time to assess whether cooling
economic growth will curb price pressures.
Jobless claims climb by 7,000
AP - The number of newly laid-off workers filing for unemployment benefits rose last week by the largest amount since early August, providing further evidence that economy has slowed.
Nikkei slips on fears about US economy
FT.com - Fears about the US economy outweighed a Japanese government survey showing greater confidence among big manufacturers, sending Tokyo stocks down on Friday morning.
Investors watch for signs of US slowdown going global
FT.com - Investors are trying to assess the extent to which the slowdown in the US economy will lead to a broader global downturn. This week's data releases could provide further evidence as to why concerns for the outlook for 2007 are rising.
Existing home sales fall for 5th month
AP - Sales of existing homes fell for the fifth consecutive month in August as the once-booming housing market slowed further.
Abe urged to repair public finances
AP - Outgoing Finance Minister Sadakazu Tanigaki urged newly elected Prime Minister Shinzo Abe on Tuesday to restore the Japanese government's tattered fiscal health and clarify his strategy to ensure continued economic growth.
Manufacturers face widening cost gap: study
Reuters - Rising energy and employee health-care
costs, as well as high taxes, caused U.S. manufacturers to fall
further behind their foreign rivals in terms of economic
competitiveness, according to a study released on Wednesday.
Growth to slow while inflation high: forecast
Reuters - A 'whiff' of stagflation will
linger about the U.S. economy through next year as growth slows
and inflation holds at a level higher than the Federal Reserve
would like, according to the latest UCLA Anderson Forecast
report.
Japan releases positive economic data
AP - Japan got a double dose of good economic news Friday with the release of healthy industrial production and consumer price figures that underlines continued recovery of the world's second-largest economy.
Wall Street demands, what slowdown?
AFP - To judge by the excitement on Wall Street, the US economy is in the rudest of health. The paradox is that the economy is posting some of its slowest growth rates in five years.
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