ISM data this week slipped below the closely watched 50 level but shouldn't cause much concern.
Although all signs point to a decent November jobs report, even a slightly disappointing number is unlikely to forestall a rate hike, says Morningstar’s Bob Johnson.
Wage and income growth should drive consumption higher in the months ahead.
What you need to know about this week's GDP, housing, and durable goods data--plus, what to watch in the week ahead.
New businesses boost the economy, but startup growth will likely remain hampered over the next few years, says Morningstar’s Bob Johnson.
A closer look at the data suggests inflation pressures are building faster than many had expected.
Emerging economies have struggled in recent years, but their increased productivity, stronger population growth, and rising middle classes represent an important growth opportunity for the future.
Better consumer incomes and employment prospects, along with low inflation, should keep the consumer and housing sectors moving upward, even in the face of a soft world economy.
A China-led trade slowdown is putting the brakes on growth, but the OECD thinks easy monetary policy and infrastructure spending could get things back on track.
Household, business, and federal-government debt growth is now relatively balanced and not too high or low, says Morningstar's Bob Johnson.
Given stock market volatility, continued negative headlines out of China, and uncertainty over interest rates, one might rightfully expect consumers to be panicking. They are not.
We're bumping up our 2015 GDP forecast, but demographics will continue to weigh in the longer term.
An increasingly service-oriented and part-time economy has opened a possibly enduring gap between the conventional unemployment rate and broader measures of unemployment, says Morningstar's Bob Johnson.
The dawdling isn't helping business confidence or the U.S. stock market.
After riding high, nonresidential construction spending may hit a plateau in the months ahead but should accelerate again in 2016.
At this point, we wish it would just get on with the show.
There's a real shot the U.S. could grow faster than 2.0%-2.5% in 2015.
The quality and size of the second-quarter GDP upgrade was far better than anyone could have hoped for.
Recent moves in the yuan are a drop in the bucket when compared with how much it has appreciated since 2005, says Morningstar's Bob Johnson.
Ongoing China concerns were the proximate cause of this week's market decimation, but what do they really mean for the U.S.?
Recent data points to continued improvement in both housing and consumer spending, which is crucial given that other areas of the economy are stuck in neutral, says Morningstar’s Bob Johnson.
Given the slowing worldwide economy, all eyes were on this week's U.S. retail sales report, which was excellent.
Although the improvement in auto sales has greatly outstripped the housing recovery, that trend should flip in the coming years, says Morningstar's Bob Johnson.
After July's boring jobs data, the unpredictable August report remains the last major impediment to a September rate hike.
The central bank's July release seems to leave the door wide-open for a rate increase--or maybe not.
As a major commodities consumer, China's slowing growth rate will mean lower commodities prices and, by extension, slower worldwide economic growth.
There was a surge in permits, but under closer scrutiny the data shows that multifamily activity drove the majority of growth in June.
What matters more, the Chinese stock market decline or the potential for Greece's exit from the eurozone?
Corporations' scant equipment spending is slowing down productivity growth and thereby reducing the U.S. economy's long-term potential.
Most reports this week showed an economy that continues to trudge along with no real acceleration or deceleration.
Corporations have become so focused on conserving capital that long-term growth prospects are diminished.
Existing- and new home sales were both better than expected, and durable goods orders, ex-transportation, were up.
The U.S. economic data isn't hanging together in a nice neat package.
Investors got the Goldilocks retail sales report that they had hoped for--not too weak and not too strong.
In the coming years, single-family home sales--and, by extension, the economy--will be given a boost by millennials as they age into their thirties, says Morningstar's Bob Johnson.
The suddenly positive economic news was a bit of a shocker for investors this week.
The first-quarter GDP contraction is not indicative of the economy's underlying strength and should snap back to growth mode in the second quarter.
The current run of tame inflation will likely end by the end of the year.
Although small-business hiring lagged in 2010-2011, it has picked up steam again and continues to be critical to overall economic health.
A growing over-65 population and a sharp decline in high school drop-outs have also been factors.
April's job gains were strong enough to keep a rate increase on the table for September but weak enough that a June increase looks highly unlikely.
Seasonal factors and weather have confounded economists who favor the quarter-over-quarter growth methodology.
Small businesses are having a tougher time finding workers to fill job openings and are planning to raise compensation, according to an NFIB survey.
While Friday's headlines out of China were bad news for market performance and speculators, it's not an economic or financial system train wreck.
After several years of declining commodity prices, we could be due for a bounce-back--and higher inflation.
Next week's data will provide some important clues.
Sluggish consumption growth and falling net exports could be big headwinds on GDP this quarter.
Profits as a percentage of GDP are hitting all-time highs but will begin to decline as tax headwinds intensify, interest rates head higher, and capital expenditures are required.
U.S. real GDP growth in 2015 will likely fall in the 2.0%-2.5% range yet again, but labor tightness is building.
After Fed comments sent stocks soaring last week, economic realities began to settle in.