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UPDATE: The U.S. economy expanded by 1.5 percent during the second quarter, topping expecations for a 1.4 percent gain. Click here for updates > Revisions were also not as painful as many economists had expected, with the Bureau of Economic Analysis...

the key reports this past week were the 3rd estimate of first quarter GDP, which showed our economy actually shrank at a 2.9% rate in the first quarter, and the May report on personal income and outlays, which indicated another monthly decrease in inflation...

It's official: after seeing it work so well for years in China, the US Department of Commerce's Bureau of Economic Statistics has officially replaced all of its excel models with just one function. The following: As Steve Liemsan hinted a few days ago...

Contents Introduction and key findings Wage stagnation experienced by the vast majority of American workers has emerged as a central issue in economic policy debates, with candidates and leaders of both parties noting its importance. This is a welcome...

Predictions: Yesterday at the Associated Press — a contraction of “nearly 2 percent.” Yesterday at Bloomberg — a contraction of 1.8 percent. Business Insider also has a 1.8 percent contraction this morning. About one of those Predictions: This quote...