In its latest Global Economics Report, the bank predicts 2.4% global growth for 2016, down from the 2.9% estimated in January.
Wholesale inventories rose 0.6% to $587.9 billion in April, 50 basis points higher than projections.
This year will be the second in a row — and only the second in history — in which airlines will make an aggregate return in excess of their cost…
The Fed chair says signs of a weakening jobs growth are "concerning" but she is still optimistic about the labor market and inflation.
The trade gap was less than economists expected and, with exports improving, trade may contribute to GDP in the second quarter.
The weak jobs report may make it tougher for the Federal Reserve to raise interest rates again this month.
Nineteen percent of business executives surveyed by the AICPA say their organizations are ready to hire immediately, up from 15% last quarter.
The organization says governments must take urgent action to put economies on a high-growth path or risk falling back into another recession.
Personal spending climbed 1% in April, while the saving rate declined to 5.4% of after-tax income, said the U.S. Commerce Department.
First-quarter GDP got a boost from a buoyant housing market but was still the weakest performance since Q1 of last year.