Month: February 2012

January Inflation Follows Fed’s Expectation

Consumer prices rose slightly in January, mainly lifted by energy and apparel costs due to the tension with Middle Eastern countries and a cotton supply shortage. The 0.2 percent is lower than economists’ forecasts, and they believe that current inflation is being contained by the Federal Reserve, which initially targeted […]

Existing Home Sales continue to soar

Existing home sales continued their upward rally in January, a sign affirming that the housing market is on the path to recovery. Around 4.57 million homes were sold in January, an estimate better than what was expected. This is a 4.3% increase from the December home sales, which were downwardly […]

Retail Sales Up, Car Sales Down

Retail sales rose 0.4% in January, well below expectations in a sign that the economy isn’t recovering quite as quickly as economists would like to think. Since automakers had reported an increase in unit sales earlier in the month, the 1.3% drop in motor vehicle sales was the biggest surprise […]

The Upside to the Widening Trade Deficit

The U.S. trade deficit grew in December and overall in 2011 for the second year in a row, a sign the economy is picking up steam, say economists. From November to December, the trade deficit grew to $48.8 billion from $47.1 billion. Within that gap are signs of economic growth: […]