US Single-Family Homebuilding Hits 16-Month Low as Hurricane Beryl and Excess Inventory Stall Market
WASHINGTON – U.S. single-family homebuilding dropped to a 16-month low in July, likely weighed down by Hurricane Beryl and an […]
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WASHINGTON – U.S. single-family homebuilding dropped to a 16-month low in July, likely weighed down by Hurricane Beryl and an […]
Federal Reserve Chair Jerome Powell is scheduled to deliver remarks on the economic outlook next Friday, the first full day
Fed Chair Powell to Headline Next Week’s Jackson Hole Meet Read More »
WASHINGTON – U.S. import prices barely rose in July, extending the flow of tame inflation readings that have bolstered financial
WASHINGTON – Production at U.S. factories fell in July amid a decline in motor vehicle output and disruptions from Hurricane
WASHINGTON – U.S. business inventories increased moderately in June as a surge in stocks at retailers was offset by mild
US Business Inventories See Slight Uptick in June Read More »
On Thursday, two more Federal Reserve officials gravitated toward an interest rate cut next month as solid economic data prompted
September Rate Cut Gains Traction as More Fed Officials Express Support Read More »
NEW YORK – The average rate on the popular U.S. 30-year mortgage rate was little changed near the lowest level
US 30-Year Fixed-Rate Mortgage Rate Stabilizes at 15-Month Low: Freddie Mac Read More »
WASHINGTON – U.S. retail sales rose more than expected in July, which could help to allay financial market fears of
WASHINGTON – The number of Americans filing new applications for unemployment benefits dropped to a one month-low last week, suggesting
Low US Weekly Jobless Claims and Upbeat Retail Sales Allay Recession Fears Read More »
WASHINGTON – Democratic presidential candidate Kamala Harris’s economic agenda will focus on lowering the cost of groceries, housing, and healthcare,
Harris to Focus on Grocery Costs, Child Tax Credit in Economic Agenda, Advisers Say Read More »
Atlanta Federal Reserve President Raphael Bostic is open to an interest rate cut in September, he told the Financial Times
Interest Rate Cut in September? Fed’s Bostic Hints at Possible Action Read More »
LOS ANGELES – On Wednesday, shipping experts said that a potential strike at U.S. seaports on the East Coast and
Potential US Seaport Strike Could Lead to Months-Long Cargo Backlog, Experts Say Read More »
U.S. consumer prices rebounded as expected in July. However, the trend remained consistent with subsiding inflation and did not change
July CPI Supports Disinflation Narrative, Likely Leading to September Rate Cut Read More »
WASHINGTON – U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for
Leveraged loan deals are expected to resume after a market stabilization over the past week. However, some investors are cautious
US Junk Debt Investors Wary of Leveraged Loans Amid Economic Slowdown Read More »
LOS ANGELES – U.S. retailers’ early back-to-school, Halloween, and Christmas holiday imports could lessen cargo delays and financial damage should
Early US Imports May Mitigate Impact of Potential Seaport Strike, Economist Suggests Read More »
On Tuesday, Raphael Bostic, the Atlanta Federal Reserve President, said recent economic data has made him “more confident” the U.S.
Fed’s Bostic Seeks a ‘Little More Data’ To Support Rate Cuts Read More »
WASHINGTON – U.S. producer prices increased less than expected in July as the cost of services fell by the most
US Producer Inflation Slows as Pricing Power Diminishes Read More »
James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast
US Manufacturers Feel the Pinch of Soaring Property Insurance Costs Read More »
WASHINGTON – U.S. small-business confidence jumped to the highest level in nearly 2-1/2 years in July, another indication that financial
US Small Business Sentiment Reaches Highest Mark Since Early 2022 Read More »
The U.S. government recorded a $244 billion budget deficit for July, up 10% from a year earlier, but accounting for
US Federal Deficit Swells to $244 Billion in July, Up 10% Year-Over-Year Read More »
U.S. consumers’ medium-term inflation expectations eased substantially in July even as their near- and longer-term outlooks for price pressures held
US Consumer Medium-Term Inflation Expectations Ease in July, NY Fed Report Shows Read More »
Middle- and low-income U.S. families now have significantly fewer liquid resources like bank deposits than they were on track to
Shrinking Cash Reserves May Impact US Consumer Spending: SF Fed Report Read More »
Federal Reserve Governor Michelle Bowman softened her usually hawkish tone ever so slightly on Saturday, noting some further “welcome” progress
Fed’s Bowman: Patience Needed, But Rate Cuts Possible if Inflation Eases Read More »