Archive for: 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...

 

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...

 

Initial Jobless Claims at Record Low: Encouraging Sign for Job seekers

Initial jobless claims for the week ending February 11 fell to the lowest numbers in four years, a sign that employees are in greater demand than previous months and that business in the private sector is growing. Last week, 348,000 people filed...

 

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%...

 

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...