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U.S. Dollar Gains on Euro
AP - The U.S. dollar gained on the euro Friday following the release of labor market data in Washington and a speech by U.S. Federal Reserve Chairman Alan Greenspan.
Construction Spending Rises in January
AP - Construction spending rose a strong 0.7 percent in January as low mortgage rates continued to bolster home building and nonresidential construction climbed to the highest level in more than two years.
Factory Growth Slows Slightly in March
Reuters - Growth at U.S. factories slowed
slightly in March as hiring intentions eased, an industry
survey showed on Friday.
Fed set for eighth straight hike in US rates
AFP - The Federal Reserve is expected to raise US interest rates again Tuesday to quell inflationary pressures in the world's biggest economy, despite evidence of slowing growth.
Construction Spending Hits Record Level
AP - Construction spending rose a healthy 0.5 percent to a record level in April, as office construction surged and activity in the red-hot housing market hit an all-time high, the government reported Wednesday.
Weight of Fed action lies heavily on markets
USATODAY.com - Despite posting gains the past three months, stocks enter the second half of the year in the red and face a murky outlook amid fears the Federal Reserve might not stop raising interest rates as early as Wall Street thought.
U.S. factories grow more strongly in July
Reuters - U.S. manufacturing grew more quickly
than expected in July as new orders and employment grew and
prices paid declined, according to a survey published on
Monday.
Consumer Spending Rises, Savings Rate Dips
AP - Americans spent freely for a second straight month in July, driving their personal savings rate down to the lowest level on record, the government reported Thursday.
Wall St mixed after manufacturing data
FT.com - US blue chip stocks fell on Monday after data showed an unexpected recovery in September manufacturing activity, raising fears the Federal Reserve would continue to raise interest rates.
Dollar Climbs to 25-Month High Against Yen
AP - The dollar rose to a 25-month high against the yen Tuesday amid expectations that the Federal Reserve will raise U.S. interest rates later in the day.
Farm Credit Conditions Weaken in 3Q
AP - Farm credit conditions in some parts of the West and Midwest weakened in the third quarter, with more producers falling behind on loan payments and asking for extensions, according to the Federal Reserve Bank of Kansas City.
French Economy Grows 0.7 Percent in 3Q
AP - France's economic growth accelerated in the third quarter as a rebound in exports and consumer spending helped lift gross domestic product after an anemic second quarter.
Construction Spending Sets Record in 2005
AP - Construction spending climbed to an all-time high in December, helping to push building for all of 2005 to a record as well.
U.S.: 'Worst Is Behind' for Japan Economy
AP - The 'worst is behind' for Japan's once moribund economy but neighboring China must do more to balance its breakneck growth rate and allow its currency to be more flexible, U.S. Undersecretary of Treasury Tim Adams said Wednesday.
Researchers see Chinese 2006 inflation at 1 pct
Reuters - Chinese consumers will pay only 1
percent more for goods and services in 2006 as overcapacity
pushes inflation down from last year's 1.8 percent, government
and university researchers said in a report published on
Sunday.
March construction spending climbs to record
Reuters - U.S. construction spending jumped
0.9 percent in March, more than twice expectations, to a record
high on the back of soaring outlays on private residential
building, a government report showed on Monday.
April construction spending down
Reuters - U.S. construction spending
unexpectedly dipped 0.1 percent in April, its first decline in
10 months, due to a sharp drop in outlays on residential
building, a government report showed on Thursday.
Construction spending down 0.4 pct. in May
AP - Construction spending fell in May by the largest amount in nearly two years as the once booming housing sector suffered another big decline.
Consumer spending is sluggish in June
AP - Consumer spending was weak for a fourth straight month in June as rising gasoline prices left Americans with little to spend on other items. Construction activity posted a stronger-than-expected advance, though, as a record level of government spending helped offset weakness in housing.
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.
Minister sees German economic growth
AP - Economic growth could reach 2.5 percent this year, a German minister said in remarks published Sunday, among the most optimistic forecasts yet for Europe's largest economy.
Manufacturing sector growth slows in October
Reuters - Growth in U.S. factory activity slowed
more than expected in October, according to a survey published
on Wednesday.
U.S. manufacturing contracts in November
AP - The nation's manufacturing sector contracted in November for the first time in more than three years, a trade group said Friday.
U.S. manufacturing expanded in December
AP - The nation's manufacturing sector expanded in December to the market's surprise, reversing a contraction a month earlier.
Year after taking helm, Bernanke achieves 'soft landing'
AFP - One year after Ben Bernanke took the helm at the Federal Reserve, the central bank appears to have achieved a sought-after "soft landing" for the US economy.
Home-price appreciation steady in 4Q
AP - The rate of increase in U.S. home prices remained steady in the fourth quarter of 2006, extending the slowing trend that began earlier in the year, federal regulators reported Thursday.
Japanese manufacturers less optimistic
AP - Confidence among Japanese manufacturers slipped in March for the first time in a year, according to a closely-watched Bank of Japan survey released Monday.
Factory sector expands but home sales fall
Reuters - Manufacturing last month expanded at
its fastest pace in almost a year, while pending home sales in
March fell to their lowest in four years, according to reports
on Tuesday that gave mixed signals on the economy.
Incomes fall but spending increases
AP - Consumers' incomes dipped in April but that didn't stop them from spending briskly. The Commerce Department reported Friday that personal incomes fell by 0.1 percent in April, following a robust increase of 0.8 percent in March.
Rates mixed at weekly Treasury auction
AP - Interest rates on short-term Treasury bills were mixed in Monday's auction, with three-month bills rising to the highest level in more than two months while six-month bills were unchanged.
Jobless claims rise 4,000 in latest week
Reuters - New applications for jobless
benefits rose by 4,000 last week, government data showed on
Thursday, underscoring continued strength in the labor market.
Ultra-low Fed rates stoked housing boom: Taylor
Reuters - In rare public criticism
of Alan Greenspan, former U.S. Undersecretary for International
Affairs John Taylor said on Saturday that ultra-low Federal
Reserve interest rates had stoked the U.S. housing boom and
subsequent bust.
Manufacturing sector growth slows in Sept
Reuters - Manufacturing expansion slowed in
September, as new orders and production slipped but employment
improved, according to a survey published on Monday.
Global stocks mixed as investors digest Fed rate cut
AFP - Global stocks saw mixed fortunes Thursday with many investors remaining cautious about the outlook for the US economy despite the Federal Reserve's latest interest rate cut, dealers said.
Euro 2008 could add $2.1B to economy
AP - The European Championship will be a big moneymaker for its hosts, Austria and Switzerland, even without England and its 40,000 traveling fans.
Construction rises 0.1 percent
AP - Construction spending edged up slightly in November as a continued steep slump in housing was offset by record spending on government and business projects.
NY fashion show to take inspiration from economy
Reuters - The financial meltdown sweeping the
United States hits the fashion runway on Friday, when New York
Fashion Week takes off, but its impact may be surprising.
Subprime, debt still largest econ threat: poll
Reuters - The combined punch of subprime
mortgage defaults and heavy debt remains the biggest risk to
the health of the U.S. economy, a panel of business economists
said on Monday.
Eurozone official unemployment rate steady at record low 7.1 pct
AFP - Unemployment in the 15 nations sharing the euro held steady in February at a record low point of 7.1 percent despite slowing economic activity, official European Union data showed on Tuesday.
Monster U.S. online jobs index rises in April
Reuters - An online gauge of U.S. labor demand
rose in April, reflecting more job offerings in the
accommodation and food services industry from heavy seasonal
hiring, a private research group said on Thursday.
US to remain open to sovereign wealth funds: Paulson
AFP - US Treasury Secretary Henry Paulson assured investors in the oil-rich Gulf region on Monday that the United States will remain open to sovereign wealth funds.
Doha breakthrough would dampen food prices: Paulson
Reuters - Treasury Secretary Henry Paulson on
Tuesday said the United States and Germany agreed that a
breakthrough in Doha round of trade talks would help control
food inflation around the world.
World factories gearing down but raising prices
Reuters - Factories across the developed world and
emerging markets are rapidly gearing down production responding
to fading demand but are raising prices aggressively, spelling
more trouble for the world's central banks.
Hundreds of thousands lose power in the Gulf
AP - Three years after being punished by Hurricane Katrina, utilities along the Gulf of Mexico were buffeted by 110 mph plus winds from Gustav with customer outages topping 500,000 and growing.
Weak economy pushes jobless claims to 7-year high
AP - New applications for unemployment benefits rose slightly last week to a seven-year high due to a weakening economy and the impact of Hurricanes Ike and Gustav, the Labor Department said Thursday.
Construction spending falls less than expected
AP - Construction spending fell by a smaller-than-expected amount in September as a rebound in nonresidential activity helped offset further weakness in home building.
Chinese group reports manufacturing slowing
AP - China's manufacturing activity contracted sharply in November as a downturn in the world's fourth-largest economy worsened, raising the threat of politically volatile job losses, according to data reported Monday.
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