Marilyn Geewax

Economists See (OK-ish) Growth In 2013

Marilyn Geewax — Wed, 02 Jan 2013 18:30:00 +0000

Suddenly, the new year is looking a bit brighter — at least in the eyes of most economists and investors.

On Day 1 of 2013, Congress voted to veer away from the "fiscal cliff" by passing a package of provisions that avoided broad tax hikes and big spending cuts.

The 2012 Economy Brought Glad Tidings To Many

Marilyn Geewax — Mon, 24 Dec 2012 17:07:00 +0000

After years of recession and slow recovery, maybe you didn't notice. But it turns out, 2012 was a fairly good year for the U.S. economy.

The Standard & Poor's 500-stock index has risen nearly 14 percent this year and the unemployment rate has fallen to 7.7 percent, the lowest point in four years. Inflation and interest rates have stayed low, allowing families to cut their debt loads.

"Consumers are feeling better now," said Nariman Behravesh, chief economist for IHS Global Insight, a forecasting firm.

Food prices heading higher as rain remains scarce

Marilyn Geewax — Wed, 25 Jul 2012 21:02:18 +0000

A fierce drought has been scorching crops this summer, but it's still too soon to know exactly how much of a hole it will burn in your wallet.

The U.S. Department of Agriculture has just released its latest forecast for retail food prices.