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Marine industry growing at a fastest pace since 2000
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Pay no interest until August 2018 with this card
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Don’t look now, but inflation may be about to surge
Fed: Slower growth, less optimism in some regions Wednesday, 31 May 2017 | 2:00 PM ET | 01:14 The U.S. economy continued to grow at a steady, if sluggish, pace from early April through late May, according to the Federal Reserve‘s latest survey of regional economic conditions. That slow pace also helped keep inflation in check, according to comments from the businesses polled by the central bank’s 12 regional districts. “On balance, pricing pressures were little changed from the prior report,” the central bank said in its Beige Book report on the economy.
Here’s how long it will take young people to afford to buy a home
Eighty percent of millennials report that they would like to buy a home, and a majority even say that it's part of their five-year plan. Yet 68 percent have less than $1,000 saved. Almost half, or 44 percent, have saved nothing at all, according to new data from Apartment List. Apartment List reports that "72 percent [of millennials] said affordability is the primary obstacle" to purchasing real estate. And many of those who have been to college are hampered by the loans they had to take out to finance their educations. According to their findings, "high levels of student debt and stagnant career opportunities have long kept millennials sidelined from the real estate market." It defines millennials as those born between 1982 and 2004. When the cost of college started…
A region-by-region breakdown of where the economy stands right now
Fed: Slower growth, less optimism in some regions Wednesday, 31 May 2017 | 2:00 PM ET | 01:14 The U.S. economy continued to grow at a steady, if sluggish, pace from early April through late May, according to the Federal Reserve's latest survey of regional economic conditions. That slow pace also helped keep inflation in check, according to comments from the businesses polled by the central bank's 12 regional districts. "On balance, pricing pressures were little changed from the prior report," the central bank said in its Beige Book report on the economy.
Factories rebound in June, best showing since 2014
Manufacturing in New York state rebounded this month to the highest level since 2014, another sign of strength for America's factories. The Federal Reserve Bank of New York says its Empire State manufacturing index climbed to 19.8 after falling to minus-1 in May. Readings above zero show that factories are expanding. The new orders index rose to 18.1 after registering minus-4.4 in May. But hiring slowed: The employment index came in at 7.7, positive but down from 11.9 in May. Manufacturing in New York state rebounded this month to the highest level since 2014, another sign of strength for America's factories. The Empire State index only measures sentiment in New York, but economists track it because it provides an early read on factory output nationwide. The Empire State index only…