The Federal Reserve Bank of New York says its Empire State index slid to a reading of minus 6.8 this month, lowest since May and down from a minus 2 reading in September. Anything below zero signals contraction. Economists had expected the survey to show growth this month.
“While better than the August data which pointed to significant weakness, the September results still only point to a manufacturing sector struggling to grow at an anemic pace,” Joshua Shapiro, chief U.S. economist at MFR Inc., said.
“Regardless of the loan amount, one year of on-time-payment installment loan history with no other credit on the report should deliver a decent score,” says Paperno, who previously worked for credit scoring company FICO and credit bureau Experian.
Here’s a look at how they take you down memory lane:
“In almost every meaningful respect these plans are mirror images,” said Len Burman, a former Treasury official under President Bill Clinton who is director of the center, a joint project between two nonpartisan Washington think-tanks.
“I feel pretty good about our future,” says Shavonne Henry, a 26-year-old who lives in Vancouver, Washington, with her 25-year-old husband and children. They have some saved up in a 401(k) through her husband’s work and a rolled-over 401(k) account from her old job.
“This morning’s report provides confirmation that the American consumer remains a key driver of economic growth as we slowly approach the very important holiday shopping season,” said Michael Dolega, a senior economist at TD Bank.
“Challenges remain – and very real differences between our governments persist on issues of democracy and human rights – but I believe that engagement is the best way to address those differences and make progress on behalf of our interests and values,” Obama said in a statement announcing the changes.
KEEPING SCORE: The Dow Jones industrial average jumped 156 points, or 0.9 percent, to 18,254 as of 10:20 a.m. Eastern time. The Standard & Poor’s 500 index gained 16 points, or 0.8 percent, to 2,148. The Nasdaq composite climbed 44 points, or 0.9 percent, to 5,257. Stocks are on track to wipe out most of their losses from earlier this week.