Nondefense capital goods shipments were down 0.7%, suggesting soft capital spending.
Here was the most important stat revealed Wednesday by the Federal Reserve.
The Federal Reserve announces a cut in its bond purchasing program and that it will keep rates near historic lows.
The latest economic data suggest weak sales though the Q2 arithmetic looks good, few layoffs, and no price problems.
The increase in the June 7 week marked the second straight week that jobless claims rose as the May 31 week was revised up, just slightly to 313,000.
Treasury Secretary Jack Lew explains why he's less optimistic about passing immigration reform after House Majority Leader Eric Cantor lost his primary.
Treasury Secretary Jack Lew comments on the ECB's big policy changes.
Here's what the latest jobs report means for middle class Americans.
The U.S. May employment report was about as vanilla as it could be, suggesting continued decent economic growth.
The U.S. April personal income data showed a surprising slowing in wages, part of which were saved, and real consumption that set up a slow Q2 GDP growth pace.
The latest U.S. unemployment claims and Q1 GDP reports show that the economy is still growing.
Minutes of the Federal Reserve's policy-making meeting reveal the central bank is considering options to end economic stimulus and raise interest rates.
While the United States is aging at a much slower pace than much of the rest of the world, the U.S. population will almost certainly continue to age. This has three implications for the U.S. economy.
The U.S. April housing data look good on their face as the starts total jumped 13.2% to an above-expectations 1.072 million units, but underlying details show that this key market still has a long way to go before being declared healthy.
Tim Geithner reveals in his new book 'Stress Test' that European leaders liked to refer to the former Treasury Secretary as the 'smiling hegemon,' so don't expect them to be especially eager to hear what he has to say.
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