Hurricane Beryl and Weak Auto Production Lead to Drop in US Manufacturing Output for July
WASHINGTON – Production at U.S. factories fell in July amid a decline in motor vehicle output and disruptions from Hurricane […]
US Economy
ABBO News offers comprehensive coverage of the US economy: stay updated with the latest economic trends, policy changes, and market movements. Get expert insights to navigate the complexities of the American economic landscape and make informed decisions.
US Business Inventories See Slight Uptick in June
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 »
September Rate Cut Gains Traction as More Fed Officials Express Support
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 »
US 30-Year Fixed-Rate Mortgage Rate Stabilizes at 15-Month Low: Freddie Mac
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 »
US Retail Sales Rise Above Expectations in July
WASHINGTON – U.S. retail sales rose more than expected in July, which could help to allay financial market fears of
US Retail Sales Rise Above Expectations in July Read More »
Low US Weekly Jobless Claims and Upbeat Retail Sales Allay Recession Fears
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 »
Harris to Focus on Grocery Costs, Child Tax Credit in Economic Agenda, Advisers Say
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 »
Interest Rate Cut in September? Fed’s Bostic Hints at Possible Action
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 »
Potential US Seaport Strike Could Lead to Months-Long Cargo Backlog, Experts Say
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 »
