Today: September 21, 2024
Today: September 21, 2024

Latest From Lucia Mutikani

Economy

US housing starts rise moderately; tight supply supporting new construction

U.S. single-family homebuilding increased marginally in October and activity could remain moderate in the near term amid higher mortgage rates, which sent

US housing starts rise moderately; tight supply supporting new construction
Economy

US labor market loosening as weekly jobless claims hit three-month high

The number of Americans filing new claims for unemployment benefits increased to a three-month high last week, suggesting that the labor market was gradually

US labor market loosening as weekly jobless claims hit three-month high
Economy

US economy cools as retail sales dip, monthly producer prices decline

U.S. retail sales fell for the first time in seven months in October as motor vehicle purchases and spending on hobbies dropped, pointing to slowing demand at

US economy cools as retail sales dip, monthly producer prices decline
Economy

Slowing US inflation boosts hopes Fed done with rate hikes

U.S. consumer prices were unchanged in October as Americans paid less for gasoline, and the annual rise in underlying inflation was the smallest in two years,

Slowing US inflation boosts hopes Fed done with rate hikes
Economy

US labor market loosens as job gains slow, unemployment rate hits 3.9%

U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit's "Big Three" car makers depressed manufacturing

US labor market loosens as job gains slow, unemployment rate hits 3.9%
Economy

U.S. manufacturing sector slumps in October-ISM

U.S. manufacturing contracted sharply in October after showing signs of improvement in prior months as new orders and employment slumped, likely reflecting

U.S. manufacturing sector slumps in October-ISM
Economy

US job openings stay elevated, layoffs at nine-month low

U.S. job openings increased in September, pointing to persistent labor market tightness that is supporting the economy and likely to see the Federal Reserve

US job openings stay elevated, layoffs at  nine-month low
Economy

Auto strikes to reduce US payrolls count in October -government report

Strikes by members of the United Auto Workers (UAW) union including against Detroit's Big Three car manufacturers could subtract at least 29,000 jobs from U.S.

Auto strikes to reduce US payrolls count in October -government report
Economy

US consumer spending exits third quarter on strong note; monthly core inflation rises

U.S. consumer spending surged in September as households boosted purchases of motor vehicles and traveled, keeping spending on a higher growth path heading

US consumer spending exits third quarter on strong note; monthly core inflation rises
Economy

US new home sales scale 19-month high as median price drops

Sales of new U.S. single-family homes surged to a 19-month high in September as the annual median house price dropped by the most since 2009 amid discounts

US new home sales scale 19-month high as median price drops
Economy

US weekly jobless claims at nine-month low; labor market remains tight

The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week, indicating that strong job growth persisted in October

US weekly jobless claims at nine-month low; labor market remains tight
Economy

US consumer sentiment sours; dollar aiding inflation fight

U.S. consumer sentiment deteriorated in October, with households expecting higher inflation over the next year, but labor market strength was likely to

US consumer sentiment sours; dollar aiding inflation fight
Economy

Surging rents lift US consumer prices; underlying inflation grinding lower

U.S. consumer prices increased in September amid a surprise surge in rental costs, but a steady moderation in underlying inflation pressures supported

Surging rents lift US consumer prices; underlying inflation grinding lower
Economy

Gasoline, food drive US producer prices higher; core inflation cools

U.S. producer prices increased more than expected in September amid higher costs for energy products and food, but underlying inflation pressures at the

Gasoline, food drive US producer prices higher; core inflation cools
Economy

US job growth sizzles in September; wage inflation cooling

U.S. employment increased by the most in eight months in September as hiring rose broadly, pointing to persistent labor market strength that could give the

US job growth sizzles in September; wage inflation cooling
Economy

Low weekly jobless claims, shrinking trade deficit boost US economic picture

The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight

Low weekly jobless claims, shrinking trade deficit boost US economic picture
Economy

US inflation outlook brightens as underlying price pressures subside

Underlying U.S. inflation moderated in August, with the annual rise in prices excluding food and energy falling below 4.0% for the first time in more than two

US inflation outlook brightens as underlying price pressures subside
Economy

US GDP growth unrevised at 2.1% in second quarter as economy shows resilience

The U.S. economy maintained a fairly solid pace of growth in the second quarter and activity appears to have accelerated this quarter, but a looming government

US GDP growth unrevised at 2.1% in second quarter as economy shows resilience
Economy

US GDP revised down in every first quarter from 2020 to 2022

U.S. economic activity was either even weaker or not as strong as previously estimated in each of the first quarters of 2020, 2021 and 2022 amid downgrades

US GDP revised down in every first quarter from 2020 to 2022
Economy|News

US weekly jobless claims at 10-month high as labor market eases; inflation cooling

The number of Americans filing new claims for unemployment benefits increased to a 10-month high last week, suggesting the labor market was losing momentum and

US weekly jobless claims at 10-month high as labor market eases; inflation cooling
Economy|News

US consumer prices unchanged in May; bolster rate cut expectations

U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation remains too

US consumer prices unchanged in May; bolster rate cut expectations
Economy|News

US weekly jobless claims fall further as labor market remains strong

The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to

US weekly jobless claims fall further as labor market remains strong
Economy|News

US home sales post second straight monthly drop; house prices accelerate

U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market.

US home sales post second straight monthly drop; house prices accelerate
Economy|News

US consumer inflation resumes downward trend as domestic demand cools

U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost

US consumer inflation resumes downward trend as domestic demand cools
Economy|News

US weekly jobless claims highest in more than eight months as labor market eases

The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, offering more evidence that

US weekly jobless claims highest in more than eight months as labor market eases

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