After yesterday’s report showing producer prices increased by a little more than expected, the Labor Department released a separate report on Thursday showing consumer price growth in the U.S. also slightly exceeded estimates in the month of September. The Labor Department said its consumer price index climbed by 0.4 percent in September after increasing by 0.6 percent in August. Economists […]

Save articles for later Add articles to your saved list and come back to them any time. I am in my mid-20s, living at home, and not sure where to put my savings. Should I pay off my HECS debt, add to my super, or save for a home? Congratulations on thinking about sensible things to do with your savings. […]

UK retail sales expanded in August on food and non-food store sales after wet weather hit footfall in July, official data showed on Friday. Retail sales posted a monthly growth of 0.4 percent, in contrast to the 1.1 percent decline seen in July. Nonetheless, sales volume was slightly weaker than economists’ forecast of 0.5 percent rise. Excluding auto fuel, retail […]

First-time claims for U.S. unemployment benefits unexpectedly fell to a seven-month low in the week ended September 16th, the Labor Department revealed in a report released on Thursday. The report said initial jobless claims dipped to 201,000, a decrease of 20,000 from the previous week’s revised level of 221,000. Economists had expected jobless claims to inch up to 225,000 from […]

While the Commerce Department released a report on Tuesday showing a much sharper than expected pullback in U.S. housing starts in the month of August, the report also showed a much bigger than expected surge in U.S. building permits. The report said housing starts plunged by 11.3 percent to an annual rate of 1.283 million in August after jumping by […]

Save articles for later Add articles to your saved list and come back to them any time. Last week we got a big hint that the economics profession is in the early stages of its own little civil war, as some decide their conventional wisdom about how the economy works no longer fits the facts, while others fly to the […]

Germany’s residential construction sector crisis continued to intensify in August with the number of project cancellations hitting a new high, mainly due to rising costs and higher interest rates, a survey from the ifo Institute revealed Tuesday. In August, 20.7 percent of companies reported canceled housing projects, up from 18.9 percent in the previous month, the findings of a survey […]

Michigan residents have just over two weeks left to apply for a tax credit that will help them stay warm when the winter arrives. Specifically, qualifying residents have until September 30 to apply for the Michigan Home Heating Tax Credit. Michigan Home Heating Tax Credit: How Much You May Get Michigan’s Home Heating Tax Credit helps low-income families pay part […]

Save articles for later Add articles to your saved list and come back to them any time. Outgoing Reserve Bank boss Dr Philip Lowe was our most academically outstanding governor, with the highest ethical standards. And he was a nice person. But if you judge him by his record in keeping inflation within the Reserve’s 2 to 3 per cent […]

The Federal Reserve released its Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, on Wednesday. The Beige Book said contacts from most Fed districts indicated economic growth was modest during July and August. While consumer spending on tourism was stronger than expected, the report said other retail spending continued to slow, […]