Today: July 06, 2024
Today: July 06, 2024

Latest From Lucia Mutikani

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US employment, wage growth expected to moderate in June

U.S. job growth likely slowed to a still-healthy pace in June, with the unemployment rate holding steady at 4%, increasing the chances that the Federal Reserve

US employment, wage growth expected to moderate in June
Economy|News

US consumer sentiment at six-month low; inflation expectations rise

U.S. consumer sentiment sagged to a six-month low in May as households worried about the higher cost of living and unemployment, but economists cautioned

Economy|News

US labor market steadily easing despite rise in job openings

U.S. job openings rose in May after posting outsized declines in the prior two months, but the trend remained consistent with an easing in labor market

US labor market steadily easing despite rise in job openings
Business|Economy

US manufacturing extends slump; inflation pressures ebbing

U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs

US manufacturing extends slump; inflation pressures ebbing
Economy

Strong US retail sales underscore economy's momentum heading into 2024

U.S. retail sales rose more than expected in December, boosted by an increase in motor vehicle and online purchases, keeping the economy on solid ground

Business

Slower, but strong US job growth expected in February

U.S. job growth likely slowed in February after two straight months of robust gains, but the labor market probably remains too strong for the Federal Reserve

Economy|News

US inflation cools in May, boosting hopes of Fed rate cut

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing

US inflation cools in May, boosting hopes of Fed rate cut
Economy|News

US weekly jobless claims, equipment spending data point to slowing economy

First-time applications for U.S. unemployment benefits drifted lower last week, but the number of people on jobless rolls jumped to a 2-1/2 year high in mid-

US weekly jobless claims, equipment spending data point to slowing economy
Economy|News

US new home sales slump; supply at more than 16-year high

Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand, offering more evidence that the housing

US new home sales slump; supply at more than 16-year high
Economy

US consumer confidence retreats slightly; house prices remain elevated

U.S. consumer confidence eased in June amid worries about the economic outlook, but households remained upbeat about the labor market and expected inflation to

US consumer confidence retreats slightly; house prices remain elevated
Business|Economy|News

Record high prices, rising mortgage rates depress US home sales

U.S. existing home sales fell for a third straight month in May as record-high prices and a resurgence in mortgage rates sidelined potential buyers from the

Record high prices, rising mortgage rates depress US home sales
Economy

US consumer sentiment races to 2-1/2-year high; inflation expectations ease

U.S. consumer sentiment improved in January, hitting the highest level in 2-1/2 years amid growing optimism over the outlook for inflation and household

US consumer sentiment races to 2-1/2-year high; inflation expectations ease
Business|Economy

US retail sales tepid in May; manufacturing production surges

U.S. retail sales barely rose in May and data for the prior month was revised considerably lower, suggesting that economic activity remained lackluster in the

US retail sales tepid in May; manufacturing production surges
Economy|News

US imported inflation subdued; consumer sentiment slides to seven-month low

U.S. import prices fell for the first time in five months in May amid lower prices for energy products, providing another boost to the domestic inflation

US imported inflation subdued; consumer sentiment slides to seven-month low
Business

US consumer sentiment slips; inflation expectations increase

U.S. consumer sentiment receded in April and households expected inflation to increase over the next 12 months and beyond, likely providing more ammunition for

US consumer sentiment slips; inflation expectations increase
Business

US service sector growth picks up in January - ISM survey

The U.S. services sector growth picked up in January as new orders increased and employment rebounded, but suppliers appeared to fall behind, resulting in a

US service sector growth picks up in January - ISM survey
Business

Modest slowdown in US job growth expected in January

U.S. job growth likely slowed marginally in January as a resilient economy and strong worker productivity encouraged most businesses to retain their employees,

Modest slowdown in US job growth expected in January
Business

Moderate US economic growth expected in fourth quarter

The U.S. economy likely grew at its slowest pace in 1-1/2 years in the fourth quarter as businesses throttled back on inventory investment and consumer

Moderate US economic growth expected in fourth quarter
Business

Stubbornly high rental costs lift US consumer inflation in November

U.S. consumer prices unexpectedly rose in November as a decline in the cost of gasoline was more than offset by increases in rents, further evidence that the

Stubbornly high rental costs lift US consumer inflation in November
Business

US services sector growth slows moderately

The U.S. services sector slowed in September as new orders fell to a nine-month low, but the pace remained consistent with expectations for solid economic

US services sector growth slows moderately
Business

US job openings post largest increase in two years; quits rate unchanged

U.S. job openings unexpectedly increased in August amid a surge in demand for workers in the professional and business services sector, pointing to a still-

US job openings post largest increase in two years; quits rate unchanged
Economy|News

US consumer confidence recovers; inflation worries persist

U.S. consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labor market, but worries about

US consumer confidence recovers; inflation worries persist
Business|Economy

US core capital goods orders rise, inflation expectations improve

New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased, suggesting a moderate

US core capital goods orders rise, inflation expectations improve
Economy

US labor market fairly tight, broader economy losing steam

The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of the month, indicating that

US labor market fairly tight, broader economy losing steam
Business|Economy

Strong services fan US producer inflation in April

U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation,

Strong services fan US producer inflation in April

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