Weak manufacturing orders tend to precede U.S. recessions

August 2, 2012

U.S. manufacturing activity shrank for a second straight month in July as recent economic weakness spilled into the third quarter, according to the Institute for Supply Management’s closely watched index. But that wasn’t the worst of it: new orders, a gauge of future business activity, also shrank for a second month, albeit at a slightly slower pace.

U.S. bond bulls ready to charge after payrolls report, survey says

August 2, 2012

(Corrects to show CRT is not a primary dealer)

Bond bulls are ready to charge after Friday’s July U.S. employment data, according to a survey by Ian Lyngen, senior government bond strategist at primary dealer CRT Capital Group.

U.S. payrolls ‘wild card’: public school teachers, employees

August 2, 2012

The “big wildcard” in making July payroll projections is the size of the swing in public school teachers and other school workers.

In India, what goes up must keep going up

August 2, 2012

With a faltering economy, political gridlock, high interest rates, delayed monsoons and an epic power outage that has plunged half its 1.2 billion population into darkness, optimism is a sparse commodity in India.

Like over-hyped Olympian, Fed set to disappoint

July 31, 2012

Pity the Federal Reserve. Like an over-hyped Olympian, the U.S. central bank enters this week’s policy meeting with sky-high expectations and a high probability of disappointment.

Hints of recession in sleepy Richmond Fed data

July 25, 2012

It’s a report that gets little attention normally (We at Reuters geek out on Fed data a lot, and even we don’t write a story about it). But an unusually sharp contraction in the Richmond Fed’s services sector index for July caught the eye of some economists. The measure took a nosedive, falling to -11 this month, the lowest in over two years, from +11 in June.

Three years after last increase, business group calls for U.S. minimum wage hike

July 24, 2012

Bucking the usual tune of private sector lobbyists, a group called Business for a Fair Minimum Wage is calling for a hike in the minimum wage, saying it would boost business and the economy.

Off the rails? Goldman lowers Q2 GDP ‘tracking’ estimate to 1.1 pct

July 19, 2012

Another round of bad news on the economy has prompted Goldman Sachs to shave another tenth of a percentage point off their already bleak second quarter U.S. GDP forecast.

Here come the downward U.S. GDP revisions again

July 16, 2012

It’s become an uncanny, almost seasonal pattern over the last few years: The economy perks up as a new year kicks into gear only to flail again by the time summer comes around.

Fed doves ‘will not be patient’

July 2, 2012

Ellen Freilich contributed to this post

The Fed did the twist. Will it shout as well? There has been some debate among economists about whether the U.S. central bank might launch a third round of outright bond buys or QE3 given that it just prolonged Operation Twist.