Economic indicators

The U.S. current account deficit widened to $170.5 billion in the second quarter from a revised $111.5 billion gap in the previous quarter, data released Friday by the Commerce Department showed.

Jobless claims declined, but remain elevated, housing starts and building permits also slid, while manufacturing in the Philadelphia region expanded at a slower pace.

Most panelists don't expect rates to budge in the three-year projection horizon.

With a need to replenish inventories, experts expect the manufacturing recovery to continue.

Consumers’ view of the economy was less pessimistic in August, according to the Federal Reserve Bank of New York’s Survey of Consumer Expectations.

August prices climbed as the recovery from the coronavirus-induced shutdown progressed, but inflation is not a concern to most economists.

Despite a positive employment report last week, Chair Powell predicted a slow recovery with COVID-19 still not under control.

The August employment report was better than anticipated, which could impact the stimulus package being negotiated in Washington, analysts say.

Charles Evans, president of the Federal Reserve Bank of Chicago, said the economy won't be back at pre-pandemic levels until near the end of 2022.

The Fed will have to "pivot from stabilization to accommodation" during the pandemic, Fed governor says.

The pace of recovery will not only be fragmented, but will take a lot longer than originally thought, according to Raphael Bostic, Federal Reserve Bank of Atlanta president.

Federal Reserve Board Chair Jerome Powell announced the group's new policy framework, but didn't explain why it would work.

The economy continues on a fragmented recovery from the pandemic, with the housing market being a positive sign and labor having issues.

The big gain suggests the manufacturing sector will be a positive for economic growth in the near term.

Consumer confidence sputtered even as new home sales surged, highlighting an uneven economic recovery.

Observers expect the Fed to use the gathering, virtual this year, to release the new monetary policy framework it's been working on.

Jobless claims grew, manufacturing expansion weakened and leading indicators grew less than last month.

New residential construction figures surpassed generous expectations, with low mortgage rates fueling the gains, which could be a boon for economic growth.

Monday's economic indicators were mixed, as the National Association of Home Builders reported the housing market index is at an all-time high but the New York Fed reported that business activity edged slightly higher in New York, but the general business index dropped sharply.

The latest retail report released Friday encapsulates the rebound its made the last three months.