Dees Stribling
Economy Watch: FOMC Minutes Reflect Uncertainty About New Administration
While FOMC members agreed to hike rates at its most recent meeting, they also expressed a need for caution moving forward due to the uncertainty about future policy decisions.
Economy Watch: Construction Spending Edged Up in November
U.S. construction spending during the first 11 months of 2016 hit $1,070.9 billion, up 4.4. percent from the total for the same period in 2015, the Census Bureau reported.
Economy Watch: Retailers Might Have Had a Strong Holiday Season After All
Early retail sales numbers for the 2016 holiday season estimate that U.S. consumers spent significantly more just ahead of Christmas than they did at the same time last year.
Economy Watch: Apartment Supply, Rents Will Continue to Grow in 2017
Continued employment growth will buoy a strong year for the apartment industry in 2017, according to a new Berkadia market forecast.
Economy Watch: More Indications of Increased Consumer Confidence
The Conference Board Consumer Confidence Index increased for the month of December, indicating Americans are feeling better about the economy—at least for now.
Economy Watch: GDP Growth Jumps in 3Q
The Bureau of Economic Analysis’ final estimate for third-quarter U.S. GDP growth was revised up to 3.5 percent, a considerable improvement from the final second-quarter estimate.
Economy Watch: Architects Still Fairly Busy in November
The AIA’s Architecture Billings Index showed another small increase in demand for design services in November, which suggests a boost in future development activity.
Economy Watch: Job Seekers Fare Better in Tech Towns, State Capitals
NerdWallet reveals the top cities for job seekers, based on Bureau of Labor Statistics and Census Bureau data.
Economy Watch: Most States Enjoy Steady Unemployment Rates
Not a single state suffered an increase in its unemployment rate during the month of November, the Bureau of Labor Statistics reported.
Economy Watch: Fed Raises Interest Rates for the First Time in 2016
The FOMC raised the federal funds rate for only the second time in two decades, citing an improved U.S. economy that will likely continue its moderate growth.