The Atlanta Fed third quarter GDPNow Forecast inched up today, primarily based on August motor vehicle sales.
Bloomberg columnist Barry Ritholtz interviewed Paul McCulley, former chief economist at PIMCO, and often mentioned FOMC candidate on the Fed's performance.
China manufacturing and services are both in contraction at the fastest rate since early 2009.
The Chicago PMI reading came in just shy of the Bloomberg Econoday Estimate of 54.9.
In the wake of reneging on major election promises, Greek prime minister Alexis Tsipras resigned and called for snap elections. He did so out of fear of losing a vote of confidence that would have forced the same result down the road.
Reason TV had an excellent interview with Jim Grant, editor of Grant's Interest Rate Observer on the recent stock market turmoil. Grant says The Fed Turned the Stock Market Into a 'Hall of Mirrors'.
Was the Surprise Devaluation and Currency War by China two weeks ago an economic tipping point?
Mohamed El-Erian, former CEO of Pimco spoke with Bloomberg TV's Olivia Sterns and Alix Steel about the selloff in stocks and the implications for Fed policy.
After futile attempts to prop up its stock market bubble, China stood back and did what it should have done in the first place: Let gravity take over.
Crude prices are back to where they were in 2004. Before that, crude previously topped near $41 in September of 1990!
The market still believes the Fed will hike rates in September or October. The CME's FedWatch Sees it like this.
Last month, the Empire State Manufacturing report eked out a small gain, giving economists grounds for optimism in the manufacturing sector.
Retail sales, led once again by autos, beat the Bloomberg Economic Consensus. In addition, prior revisions were all higher.
The Financial Times reports Memo Reveals Extent of Control Bailout Monitors Will Have on Greece.
Economists in general, but especially those at the Fed, continue to state a belief that the current economic weakness is transitory.
In reaching a deal with Greece, Germany is the last remaining holdout.
In addition to bubble-busting events in real estate and the Chinese stock market, China now has to deal a plunge in exports.
On July 24, the Conference Board asked the question: Is Wage Growth Accelerating?
Economists were shocked by the plunge in the Conference Board Consumer Confidence Index Wednesday morning, well below the any economist's guess in Bloomberg's Econoday Forecast.
The crash in Chinese stocks continued today following a respite last week.