Robert Hughes

Existing-home sales fell 3.7 percent in February but were still 5.4 percent above year-ago levels. Sales for February came in at a seasonally-adjusted annual rate of 5.48 million, down from […]

In the February 2017 edition of Gold Investor, published by the World Gold Council, former Federal Reserve Chairman Alan Greenspan provided his views on gold. In his interview for Gold […]

Capping off a mostly good week for the economy, economic reports released today show accelerating growth in manufacturing and continuing consumer optimism about the future. Industrial production in the U.S. […]

The labor market is gaining strength. The number of open jobs across the economy increased to 5.63 million in January, the ninth highest level on record. The private sector is […]

The Federal Reserve raised its target for the federal funds rate by 25 basis points to a range of 0.75 percent to 1.00 percent.  The move was the third rate […]

February retail sales and consumer prices rose at a slower pace compared to January. Some analysts have linked the moderation in spending to the delay in tax refunds by the […]

In the discussion of prices and inflation, attention usually focuses on the Consumer Price index (CPI) or the Fed’s preferred measure, the Personal Consumption Expenditure (PCE) price index.  They are […]

The February jobs report may not have been the blowout that the ADP report had suggested but the 235,000 rise in payrolls, coming on the heels of a 238,000 increase […]

ADP, a global provider of cloud-based Human Capital Management (HCM) solutions and widely known for its payroll processing services, released its estimate for February private, nonfarm payroll jobs. The report […]

  A large amount of economic data released over the past two days show that the U.S. economy continues to gain momentum, but the overall pace remains moderate. The current […]