China posts its lowest quarterly growth in 27 years as the trade war drags on
China released second-quarter figures on Monday showing that its economy slowed to 6.2% — the weakest rate in at least 27 years, as the country’s trade war with the U.S. took its toll.
JP Morgan raises its stock market forecast, sees a China trade deal and an easy Fed
J.P. Morgan raised its 12-month S&P 500 forecast on Monday, telling clients the market is set for even more gains in the second half of the year as the Federal Reserve pivots toward easier monetary policy and the Trump administration looks to end its entrenched trade war with China.
PepsiCo CFO: ‘We don’t see any sign of a consumer slowdown’ in the US
PepsiCo CFO Hugh Johnston said Tuesday that the snack and beverage giant still thinks the consumer economy is strong.
U.S. job growth accelerates; wages rise moderately
U.S. job growth rebounded strongly in June as government hiring surged, but persistent moderate wage gains and mounting evidence that the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
Strong SUV, truck demand drive US auto sales higher in June
Major automakers on Tuesday posted mixed U.S. sales results for June and the second quarter, with demand still fairly strong for SUVs and pickup trucks while passenger car sales continued a long-running decline.
Manufacturing was better than expected in June, but inflation remains muted
Manufacturing activity was surprisingly strong in June, according to a closely watched gauge leased Monday that also pointed to a rebound in hiring.
U.S. consumer spending, inflation rise moderately in May
U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month.
Consumer sentiment slightly beats expectations in June
Consumer sentiment rose to 98.2 in June, coming in slightly above the forecast of 98.0.
Moderate U.S. consumer spending, inflation support rate cut
U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month.
Debt and deficits won’t be as bad as feared but are still dangerous, CBO says
Both the nation’s debt and deficit will grow more slowly than previously forecast, according to new government data, the result of lower interest rates and reduced disaster spending.