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Economic Report: Services side of U.S. economy expands in August, ISM says (Market Watch) Activity in the nonmanufacturing sectors of the U.S. economy shows slight expansion during August, says the Institute for Supply Management in its latest report. Jobless claims jump is bad omen for economy (AP via Yahoo! News) Jobless claims rose unexpectedly last week, the government said Thursday, while companies responded to the slowing economy by producing more with fewer workers. Fed's Yellen says U.S. economy faces subpar growth (Reuters via Yahoo! News) U.S. economic growth will be "subpar" in the second half of the year and interest rates must be set at levels that reflect the "substantial headwinds" facing the economy, San Francisco Federal Reserve Bank President Janet Yellen said on Thursday. Iraqi economy strong, IMF says (UPI) WASHINGTON, Sept. 4 (UPI) -- The International Monetary Fund said the economy in Iraq has improved and inflation has declined, though fiscal management remains a concern. Yosano Says Shouldn't Be Pessimistic About Japan's Economy (Bloomberg.com) Sept. 5 (Bloomberg) -- Kaoru Yosano , who's running to become Japan's next prime minister, said people shouldn't be pessimistic about the economy because the corporate sector is strong. Small caps sink as investors fret about economy (SmallCapInvestor.com via Yahoo! Finance) Small-cap stocks went into freefall mode through midday trading as investors fretted about the state of the U.S. economy and even the global picture ahead of Friday?s key employment report. Economy worries hit world markets (BBC News) European and US shares fall on more fears over the state of the economy and the prospect of slower Eurozone growth. Weak US Economy Could Derail GOP Hopesâ??Again (CNBC via Yahoo! Finance) With the US economy likely to remain weak before the presidential election, the issue may be the Republicans' Achilles heel. Fed report on economy doesn't always match local perceptions (Atlanta Journal-Constitution) The economy has been shuffling along this summer, and Atlanta's story was not much different from that of the nation, according to a report issued Wednesday by the Federal Reserve Bank. Known as the Beige Book, the latest periodic report includes snapshots from a dozen Fed branches and discussion of key economic sectors. What it doesn't have is a lot of upbeat chatter. Fed officials see soft economy; point to rate hold (Reuters via Yahoo! News) Senior Federal Reserve officials on Thursday said the U.S. economy seems on the verge of another slowdown while the most severe inflation threats may have passed, hinting that the central bank could keep interest rates at current levels for some time. |
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