Monday, April 27, 2015

What to watch in economic news this week

Last winter's weather will blow back into the economic news this week, and it's not going to be a warm memory.

The government's first reading on U.S economic growth in the first quarter, arrives Wednesday at 8:30 a.m. The Commerce Department's gross domestic product report is likely to be a dud, but this economy has more excuses than a kid who didn't do his homework.

Recall: The weather was nasty. A labor dispute at West Coast ports — now settled — slowed shipments to factories and retailers. A strong dollar hammered manufacturers' exports. Low oil prices led energy companies to cut investments and payrolls.

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