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The economy is on solid footing as inflation continues to come down and the labor market is stable enough to keep the Fed satisfied. The stock market finished another gangbusters year, up 24%.
New data shows weakening in the US economy – Friday’s jobs report showed that unemployment ticked up to 4.1% in June. Credit card delinquencies and debt are also on the rise.
Wall Street economists now expect the US economy to grow at an annualized rate of 1.8% in the first quarter, up from projections for 0.6% offered in January, according to Bloomberg data.
The US economy is no longer shocking Wall Street to the upside. Economic consensus has shifted from forecasters chasing the data higher to scaling back levels of optimism as recent data shows ...
The Wall Street Journal Economic Survey, also known as the Wall Street Journal Economic Forecasting Survey, could refer to either the monthly or the semi-annual survey conducted by the Wall Street Journal of over 50 economists on important indicators of the economy of the United States. [1] [2]
Of course, Wall Street also wants a couple of other things. It wants to see inflation normalizing, jobs reports holding steady, and, of course, economic growth.
James Freeman is an American journalist specializing in economics, assistant editorial page editor at The Wall Street Journal, and author. Freeman is a graduate of Yale College. After graduation, he served as investor advocate at the U.S. Securities and Exchange Commission. [1]
The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its ...