Holiday Shopping off to Slow Start, US Retail Sales Up 0.2%
Healthy car sales lifted the overall figure.
Economy
November US Consumer Prices Up 0.3% on Rising Energy Costs
Overall consumer prices rose 2.1% and core prices were up 2.3% from November 2018.
Business Economists See US Slowing But Avoiding Recession
They expect economic growth to slow from 2.9% last year to 2.3% in 2019 and 1.8% in 2020.
Wyoming Tribe Considers Hemp, Medical Marijuana for Economy
The group is expected to present research and a proposal at the next general council meeting, possibly in January.
Energy Activity Spurs Jump in Wyoming Tax Collections
Still, the 2019 fiscal year didn’t set any tax records.
US Manufacturing Contracts Fall for Fourth Straight Month
Economists had expected the overall November index to rebound but remain below 50.
Survey of Bankers Shows Rural Economy Growing in November
The confidence index for the region remained in negative territory at 44.4 in November even though it was higher than October’s 36.5.
Fed's Powell Sees Steady Growth, Signals Pause in Rate Cuts
The Fed cut short-term rates last month for the third time this year, to a range of 1.5% to 1.75%.
Wyoming Governor Announces Plan on Future Revenue Shortfalls
The Republican governor says it will take planning and action for the state to attain economic stability in the future.
US Trade Deficit Falls to $52.5 Billion in September
The September trade report showed that the U.S. ran the first surplus in petroleum in more than four decades, according to government records that go back to 1978.