U.S. Factories Still Haven’t Recovered
Washington — It took less than a year for America’s factory output to rebound from the 1991 recession. It took three and a half years to bounce back from the 2001 recession. Now, six years clear of the Great Recession, manufacturing output still hasn’t returned to the pre-crisis levels it reached in 2007, according to revised economic data from the Federal Reserve. The downward revisions highlight the persistent weakness in a sector...
Fuel and Fires Ahead for the U.S. Economy
Washington — The U.S. economy shrank at the start of the year, but the road ahead looks brighter. Just how much brighter is what’s up for debate. Steady hiring and low gas prices should help power solid growth through the rest of 2015. The harsh winter and a labor dispute that slowed trade at West Coast ports are both over. Home sales and construction are rebounding, along with business investment. But risks remain: A stronger dollar...
