U.S. Economic News

December 14, 2017

U.S. Economic Indicators

Retail sales rose 0.8% in November and were up 5.8% on the year.  Core sales — which excludes autos, gasoline, building materials, and food services — also jumped 0.8%. Census Bureau Report

Business inventories edged down 0.1% in October but were up 3.3% from last year.  Manufacturers’ sales increased 0.6% and were up 7.4% on the year. Census Bureau Report

Initial jobless claims decreased 11,000 to 225,000 last week.  The four-week moving average fell 6,750 to 234,750. DOL Report

U.S. News

The Wall Street Journal reports that the Federal Reserve voted to raise interest rates again at its recent meeting. The Fed also indicated that they expect to raise rates three more times in 2018, and that GDP growth would be 2.5% next year, up from the Fed’s 2.1% estimate in September. WSJ

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