Correspondent, Washington
Jason's Feed
Dec 12, 2014

Americans turn more bullish on spending

WASHINGTON (Reuters) – U.S. consumer confidence rose in December to a near eight-year high, a sign that falling gasoline prices and expectations of a better job market could give a boost to the economy.

The Thomson Reuters/University of Michigan’s consumer sentiment index rocketed up to 93.8 this month, according to a preliminary reading released on Friday.

Dec 12, 2014

U.S. producer prices fall, signal weak inflation pressures

WASHINGTON (Reuters) – U.S. producer prices fell in November and were muted even outside of energy, a sign of weak inflationary pressure that could point to persistent slack in the economy.

The Labor Department said on Friday its producer price index for final demand dropped 0.2 percent, a sharper fall than expected.

Dec 5, 2014

U.S. factories show luster with bullish November hiring

Dec 5 (Reuters) – While the acceleration in U.S. hiring last
month was surprisingly sharp and broad-based, a sector that has
had a particularly rough 21st century – manufacturing – offered
one of the brightest signals.

U.S. factories added 28,000 jobs in November, the most in a
year, according to government data released on Friday.
Manufacturers also raised the average work week for their
production workers to 42.2 hours, returning to levels reached
earlier in 2014 that were the highest since the end of World War
Two.

Dec 3, 2014

Washington has tough words for Europe on economy; less so for China

WASHINGTON, Dec 3 (Reuters) – Washington’s worries about the
global economy until recently were dominated by concerns over
China’s currency policies. Now the Obama administration’s
toughest words increasingly fall on Europe.

In a speech on America’s international economic priorities
and in subsequent comments, a top Treasury official on Wednesday
praised shifts in Chinese policy while calling on Germany to
open its fiscal purse strings to help Europe’s lagging economy.

Nov 28, 2014
Nov 26, 2014
Nov 26, 2014

Yellen’s ‘optimal’ model calls for rate hike this year, in theory

WASHINGTON, Nov 26 (Reuters) – Federal Reserve Chair Janet
Yellen has said the tenor of economic data will decide when the
U.S. central bank raises interest rates. Surprisingly, a data
analysis based on Yellen’s own priorities points to a rate
increase by the end of this year.

Yellen has cautioned that the economic models built for
policymakers amount to mere guideposts in a complicated
decision-making process.

Nov 14, 2014

U.S. data points to strong spending ahead of holiday shopping frenzy

WASHINGTON (Reuters) – U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

Other data on Friday showed consumer sentiment rising to a seven-year high this month, also positive for the spending outlook as the country nears its traditional period of frenzied holiday shopping.

Nov 14, 2014

Retail sales point to more spending zeal by U.S. consumers

WASHINGTON (Reuters) – U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

U.S. retail sales rose a higher-than-expected 0.5 percent last month when stripping out volatile elements like gasoline, autos, building materials and food services, according to the Commerce Department data released on Friday.

Nov 13, 2014

U.S. jobless claims rise but still close to 14-year low

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose more than expected last week, yet it remained near a 14-year low in a reminder that the labor market appears to be moving toward full health.

Initial claims for state unemployment benefits rose 12,000 to 290,000 for the week ended Nov. 8, the Labor Department said on Thursday.