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Search resuls for: "Bryan Mena"


6 mentions found


☆ Businesses Expect Economy to Weaken, Fed’s Beige Book Says
  + stars: | 2022-10-19 | by ( Bryan Mena | ) www.wsj.com   time to read: 1 min
U.S. businesses are becoming more pessimistic about economic conditions in the face of high inflation and rising interest rates, the Federal Reserve said in a Wednesday report. The Fed’s 12 regional reserve-bank districts said business contacts noted “growing concerns about weakening demand,” according to the central bank’s latest compilation of economic anecdotes from around the country, known as the Beige Book.
☆ Jobless Claims Rose Modestly Last Week
  + stars: | 2022-10-13 | by ( Bryan Mena | ) www.wsj.com   time to read: 1 min
U.S. worker filings for unemployment benefits rose last week, reflecting a still tight labor market that has lost steam from earlier in the year. Initial jobless claims, a proxy for layoffs, increased to a seasonally adjusted 228,000 last week from the 219,000 the week before, the Labor Department said Thursday.
☆ Orders for Long-Lasting Goods Fell in August for Second Straight Month
  + stars: | 2022-09-27 | by ( Bryan Mena | ) www.wsj.com   time to read: 1 min
Companies pulled back on orders for long-lasting goods for the second month straight in August, a sign of weakening demand as the U.S. economy loses momentum amid high inflation and rising interest rates. New orders for durable goods—products meant to last at least three years—declined by 0.2% to a seasonally adjusted $272.7 billion in August compared with the prior month, the Commerce Department said Tuesday. Excluding defense, new orders were down 0.9%. Orders fell a revised 0.1% in July.
☆ Consumer Moods Improved in September as Gasoline Prices Fell
  + stars: | 2022-09-27 | by ( Bryan Mena | ) www.wsj.com   time to read: 1 min
Consumers’ moods about the economy improved in September while a jump in new-home sales and a decline in orders for long-lasting goods offered a mixed picture of demand at the end of the summer. The consumer-confidence index, which measures American attitudes toward jobs and the economy, rose in September for the second month in a row, in part driven by falling gas prices, the Conference Board said Tuesday. The index, which rose in September to 108 from 103.6, had fallen earlier in the year as energy prices surged and the highest inflation in four decades weighed on the economy.
☆ Orders for Long-Lasting Goods Fall for Second Straight Month
  + stars: | 2022-09-27 | by ( Bryan Mena | ) www.wsj.com   time to read: 1 min
Companies pulled back on orders for long-lasting goods for the second month straight in August, a sign of weakening demand as the U.S. economy loses momentum amid high inflation and rising interest rates. New orders for durable goods—products meant to last at least three years—declined by 0.2% to a seasonally adjusted $272.7 billion in August compared with the prior month, the Commerce Department said Tuesday. Excluding defense, new orders were down 0.9%. Orders fell a revised 0.1% in July.
☆ Economy Week Ahead: Federal Reserve and Other Central Banks in Focus
  + stars: | 2022-09-19 | by ( Bryan Mena | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/economy-week-ahead-federal-reserve-and-other-central-banks-in-focus-11663527601
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