U.S. GDP Grows Above-Forecast 3.5% on Consumers, Inventories
The U.S. economy expanded at a 3.5 percent pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.
US economy showing momentum as leading indicators rise for 12th straight month in September
The Conference Board’s Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists polled by Refinitiv expected.
Another great sign for the economy: Job openings hit an all time high in August
Job openings hit a fresh record in August, indicating companies could face more inflationary pressures ahead with a tight labor market. The vacancies level hit 7.14 million for the month, according to the Job Openings and Labor Turnover Survey, a report Federal Reserve officials watch closely for clues about where employment stands.
A market bottom is forming, and it will lead to new record highs, Wall Street bull Jeff Saut says
Raymond James’ Jeffrey Saut suggests bailing on stocks will be a costly mistake.
US industrial production increased for a 4th-straight month, but momentum slowed sharply in the third quarter
U.S. industrial production increased for a fourth straight month in September.
Consumer sentiment falls shy of expectations, but confidence in economic policy is at a 15-year high
Consumer sentiment in October fell just short of expectations on Friday.
Manufacturers on pace for most bullish year ever amid lower taxes and deregulation
A combination of lower corporate taxes and slashing of regulations by the Trump administration has manufacturers on pace for their most optimistic year on record, according to the latest National Association of Manufacturers survey.
US weekly jobless claims drop to a near 49-year low
The jobless claims data pointed to sustained labor market strength, which should continue to underpin economic growth.
Factory orders post largest gain in 11 months
New orders for U.S.-made goods recorded their biggest increase in nearly a year in August, boosted by a surge in demand for aircraft, but signs of weakness in business spending on equipment suggested that the manufacturing sector could be slowing.
North American orders for semi-trucks surge in September
North American orders for Class 8 semi-trucks jumped 92 percent in September as trucking companies continued to struggle with tight capacity in a booming U.S. freight market, FTR, a company that tracks the industry, said on Wednesday.