Powell backs more rate hikes as economy growing 'considerably stronger'
The U.S. economy is running at a fast enough pace to justify continued interest rate increases, Federal Reserve Chairman Jerome Powell said Tuesday.
Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs
Homebuilders are facing rising costs for land, labor and materials, especially with new tariffs on Chinese steel and aluminum in addition to duties imposed on Canadian lumber last year.
After Hurricane Maria, foreclosures in Puerto Rico stopped. They’re starting again
There's a new crisis sweeping across Puerto Rico in the wake of Hurricane Maria: A wave of foreclosures, The New York Times reports.
The US economy has plenty of steam despite bond market and trade fears, investors say
Investors have also been watching the yield curve as the gap between yields on the 10 and two-year U.S. Treasury bonds hit a fresh 11-year low.
The bond market may be raising recession fears, but don't expect one anytime soon
A trend in the bond market that has a long history of foreboding accuracy has kindled talk of a recession, but it could be a long conversation.
IMF: World economy likely to grow 3.9% this year
The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year
Business inventories rise; sales gain biggest in eight months
U.S. business inventories were expected to gain in May.
Strong retail sales report suggests robust economic growth in the second quarter
U.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods.
US sales and employment are likely to grow, a survey of economists shows
Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them.