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US Economy - Page 26

Consumer prices jump 0.4%: Largest monthly increase in a year; airfares up by biggest amount in 15 years

Cost of food and gasoline showed big gains and airline fares jumped by the largest amount in 15 years. Ref. USAToday

Economy US

Fed lowers forecast for U.S. Economic growth in 2014

Fed policymakers predict the U.S. Economy will grow 2.1% to 2.3% in 2014. Their March forecast was for 2.8% to 3.0% growth this year. Ref. USAToday

US Economy History & Civil Business Politics

Economy shrank 2.9% in first quarter, more than the 1% originally reported, U.S. Says

Government gives its final report of economic activity for the first three months of the year. Ref. USAToday

Page 26 Economy US

Wealth inequality doubles among US households: Study:

"It is possible that the very slow recovery from the Great Recession will continue to generate increased wealth inequality in the coming years as those hardest hit may still be drawing down the few assets they have left to cover current consumption and the housing market continues to grow at a modest pace." Ref. Source 6

Economy US

Another crash around the corner?: "One shock away from a further crisis."

That's the damning verdict on our economy in an excellent new paper by Jim Cuthbert, published by the Jimmy Reid Foundation. It's a concise, methodical piece of research that illustrates just how overstretched we are, as well as showing the merits in taking a balance-sheet approach to big economic questions. Ref. Source 6

US Economy

Economy grew at a 4% annual pace in 2Q, better than economists expected

The nation's gross domestic product rebounded from a 2.1% contraction in the first quarter. Economists were expecting growth of 3%, according to Action Economics. Ref. USAToday

US Economy - Page 26

Economic growth for the second quarter revised up to 4.2%

That's up from the original second-quarter estimate of 4% growth. The U.S. Economy bounced back from a 2.1% contraction in the first quarter. Ref. USAToday

US Economy Politics Business Civil & History - Page 26

Is someone cooking the books to make the America's economy look better than it is because let me tell you things are still tough out there.