US consumer, housing data underscore economy's resilience

US consumer, housing data underscore economy's resilience
The U.S. central bank is due to announce its latest rate decision at 2 p.m. EST (1900 GMT) on Wednesday after a two-day policy meeting. While stock market volatility has diminished the chances of another rate hike in March, economists expect … The …
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Inquiry in China Adds to Doubt Over Reliability of Its Economic Data
Beijing is trying to rebalance its economy to focus more on consumer spending and services. But concerns about the pace of change play into the worries about the data. Take the steel industry. China produced 804 million tons of steel last year, even as …
Read more on New York Times

'Storm of the Century' Heaps Billions in Losses on Local Economies
But losses covered by insurance companies barely cover the overall economic impact a severe winter storm can generate. Snow removal and cleanup efforts in New York City alone cost $ 2.5 million per inch last winter, according to a report issued Monday …
Read more on U.S. News & World Report

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