Yellen Says US Will Intervene If Needed to Protect Smaller Banks

Treasury Secretary Janet Yellen said on Tuesday the US government could repeat the drastic actions it took recently to protect bank depositors if smaller lenders are threatened. “Our intervention was necessary to protect the broader US banking system, and similar actions could be...

Wholesale Inflation Rose 0.5% In September, More Than Expected

A measure of wholesale prices rose more than expected in September, indicating that inflation remains a problem for the U.S. economy. The producer price index, which measures costs for finished goods that producers pay, increased 0.5% for the month, against the Dow Jones estimate for a 0.3% rise,...

Weekly Initial Jobless Claims US Rise To 248K Vs. 230K Expected

Initial Jobless claims totaled 248,000 in the week ending August 5, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The highest level in five weeks. The print follows the previous week's 227,000 (unrevised) and came in above market expectations of 230,000. Further...

Virus Corona kembali menghantam penjualan ritel AS di April

Penjualan ritel AS mencatat penurunan 16% pada bulan April di tengah lockdown virus corona dan penurunan daya beli Penjualan ritel AS merosot ke rekor 16,4% pada April pasca lockdown virus corona menutup sebagian besar perekonomian, menelan biaya jutaan pekerjaan dan memicu penurunan belanja...

US: Weekly Initial Jobless Claims Rise to 264K vs. 260K Expected

Initial Jobless claims totaled 264,000 in the week ending June 17, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The print follows the previous week's 262,000 (revised to 264,000) and came in above market expectations of 260,000. It matches the highest reading...

US: Weekly Initial Jobless Claims Rise to 239K vs. 232K Expected

There were 239,000 initial jobless claims in the week ending April 8, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's unrevised print of 228,000 and came in above the market expectation of 232,000. It is the highest level...

US: Weekly Initial Jobless Claims rise to 228K vs. 225K expected

There were 228,000 initial jobless claims in the week ending October 8, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 219,000 and came in slightly worse than the market expectation of 225,000. Further details of...

US: Weekly Initial Jobless Claims Rise to 216K in the Week Ending December 17

There were 216,000 initial jobless claims in the week ending December 17, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 214,000 (revised from 211,000). Further details of the publication revealed that the advance...

US: Weekly Initial Jobless Claims Rise to 211K vs. 195K Expected

There were 211,000 initial jobless claims in the week ending March 4, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 190,000 and came in worse than the market expectation of 195,000. Further details of the...

US: UoM Consumer Confidence Index Improves to 59.8 in October vs. 59 Expected

Consumer sentiment in the US improved slightly in early October with the University of Michigan's (UoM) Consumer Confidence Index edging higher to 59.8 (flash) from 58.6 in September. This print came in better than the market expectation of 59. The Current Conditions Index rose to 65.3 from 59.7...

US: UoM Consumer Confidence Index Improves Modestly to 63.5 in April vs. 62 Expected

Consumer sentiment in the US improved modestly in early April with the University of Michigan's (UoM) Consumer Confidence Index rising to 63.5 (preliminary) from 62 in February. This reading came in better than the market expectation of 62. "Year-ahead inflation expectations rose from 3.6% in...

US: S&P Global Manufacturing PMI Rises to 46.8, Services PMI Improves to 46.6 in January

The business activity in the US private sector continued to contract in early January, albeit at a softer pace than in December. S&P Global Manufacturing PMI edged higher to 46.8 from 46.2 and Services PMI recovered to 46.6 from 44.7. Finally, the Composite PMI came in at 46.6, compared to 45...

US: S&P Global Manufacturing PMI Drops to 48.5, Services PMI Improves to 55.1 in May

The business activity in the US private sector expanded at a strengthening pace in early May with the S&P Global's Composite PMI rising to 54.5 from 53.4 in April. In the same period, S&P Global Manufacturing PMI declined to 48.5 from 50.2, revealing a contraction in the manufacturing...

US: S&P Global Manufacturing PMI Drops to 47.6 in November vs. 50 Expected

Business activity in the US manufacturing sector contracted in early November with the S&P Global Manufacturing PMI dropping to 47.6 from 50.4 in October. This reading came in weaker than the market expectation of 50. "Contributing to the decrease in the headline figure was a renewed fall in...

US: Private Sector Employment Rises by 106K in January vs. 178K Expected

The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 106,000 in January. This reading followed December's growth of 253,000 (revised from 235,000) and missed the market expectation for an increase of 178,000 by a wide...

US: Durable Goods Orders Decline by 2.1% in November vs. -0.6% Expected

Durable Goods Orders in the US declined by 2.1%, or $5.8 billion, in November to $270.6 billion, the US Census Bureau announced on Friday. This reading followed October's increase of 0.7% and came in worse than the market expectation for a decrease of 0.6%. "Excluding transportation, new orders...

US: CB Consumer Confidence Index Rises to 117 in July

Consumer sentiment in the US continued to improve in July, with the Conference Board's Consumer Confidence Index rising to 117.0 from 110.1 (revised from 109.7) in June. Further details of the publication revealed that the Present Situation Index climbed to 160.0 from 155.3 and the Consumer...

US: CB Consumer Confidence Index Declines to 102.9 in February from 106 in January

Consumer sentiment in the US deteriorated modestly in February with the Conference Board's Consumer Confidence Index declining to 102.9 from 106 in January (revised from 107.1). This reading came in below the Reuters estimate of 108.5. Further details of the publication revealed that the Jobs...

US: Annual PPI Declines to 2.7% in March vs. 3% Expected

The Producer Price Index (PPI) for final demand in the US declined to 2.7% on a yearly basis in March from 4.9% in February (revised from 4.6%), the data published by the US Bureau of Labor Statistics revealed on Thursday. This reading came in lower than the market expectation of 3%. The annual...

US Year-Ahead Inflation Views Drop to Lowest Since April 2021

US short-term inflation expectations fell in early January to the lowest in nearly two years, providing a bigger-than-expected boost to consumer sentiment. Respondents said they expect prices to advance 4% over the next year, the lowest since April 2021, the University of Michigan’s...

US Year-Ahead Inflation Expectations Fall to Lowest Since 2021

US short-term inflation expectations unexpectedly declined to the lowest level in more than a year and consumer sentiment picked up, helped by falling gasoline prices. Consumers expect prices will climb at an annual rate of 4.6% over the next year, down from the 4.9% expected a month earlier, to...

US Weekly Jobless Claims Rise Moderately; Layoffs Drop in June

The number of Americans filing new claims for unemployment benefits increased moderately last week, pointing to only a gradual easing in labor market conditions. Initial claims for state unemployment benefits rose 12,000 to a seasonally adjusted 248,000 for the week ended July 1, the Labor...

US weekly jobless claims increase slightly

The number of Americans filing new claims for unemployment benefits increased less than expected last week as the labor market continues to gradually slow amid cooling demand. Initial claims for state unemployment benefits rose 1,000 to a seasonally adjusted 220,000 for the week ended Dec. 2, the...

US Weekly Initial Jobless Claims Rise To 227K As Expected

Initial Jobless claims totaled 227,000 in the week ending July 29, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The print follows the previous week's 221,000 (unrevised) and came in line with market expectations. Further details showed that “the 4-week moving...

US Weekly Initial Jobless Claims Rise To 209K Vs. 210K Expected

There were 209,000 initial jobless claims in the week ending October 7, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This reading matched last week’s print (revised from 207,000) and came in slightly better than the market expectation of 210,000. The 4-week...

US Weekly Initial Jobless Claims Decline to 228K vs. 235K Expected

Initial Jobless Claims totaled 228,000 in the week ending August 26, the weekly data published by the US Department of Labor (DOL) showed on Thursday. It is the lowest reading in four weeks. This follows the previous week's print of 232,000 (revised from 230,000) and came in below the market...

US Weekly Initial Jobless Claims Decline To 216K Vs. 234K Expected

There were 216,000 initial jobless claims in the week ending September 2, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 229,000 (revised from 228,000) and came better than the market expectation of...

US Weekly Initial Jobless Claims Decline to 210K vs. 215K Expected

There were 210,000 initial jobless claims in the week ending March 23, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 212,000 (revised from 210,000) and came in better than the market expectation of...

US Weekly Initial Jobless Claims Decline to 202K vs. 220K Expected

There were 220,000 initial jobless claims in the week ending December 9, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 221,000 (revised from 220,000) and came in better than the market expectation of 220,000. It...

US UoM Consumer Confidence Index Declines to 63 in October vs. 67.4 Expected

Consumer sentiment in the US continued to weaken in October, with the University of Michigan's (UoM) Consumer Confidence Index declining to 63 from 68.1 in September. This reading fell short of the market expectation of 67.4. Further details of the publication revealed that the Current Conditions...

US Unemployment Claims Tick Up for First Time in Three Weeks

Applications for US unemployment benefits ticked up for the first time in three weeks, suggesting some softening in what’s still a robust labor market in which employers are hesitant to let people go. Initial unemployment claims increased by 7,000 to 198,000 in the week ended March 25, Labor...

US Unemployment Applications Edged Higher to 245,000 Last Week

Applications for US unemployment benefits edged higher last week, but still held near a low level and highlighted the persistent strength of the labor market. Initial unemployment claims rose by 5,000 to 245,000 in the week ended April 15, Labor Department data showed Thursday. The median...

US Trade Deficit Widens on Greater Imports, Drop in Exports

The US trade deficit widened for a second month in October, as the value of imports increased and exports declined, which may weigh on economic growth in the fourth quarter. The trade gap in goods and services grew by $4 billion, or 5.4%, to $78.2 billion from a month earlier, Commerce...

US Services Growth Remains at Solid Pace, Price Pressures Ease

Growth at US service providers remained firm in September, reflecting solid business activity and orders, while a measure of prices fell to the lowest since the start of 2021. The Institute for Supply Management’s gauge of services softened to 56.7 last month from 56.9 in August,...

US Services Growth Cools While Orders, Business Activity Pick Up

Growth in the US service sector cooled in February, partly due to a decline in employment even as orders and business activity quickened. The Institute for Supply Management’s composite gauge of services slipped 0.8 point to 52.6 last month. The index has held above the 50 level that...

US Services Growth Cools as Price Gauge Drops to Four-Year Low

Growth in the US services sector eased in March for a second month while a gauge of input costs slumped to a four-year low. The Institute for Supply Management’s composite gauge of services fell 1.2 points to 51.4, largely reflecting a drop in the supplier deliveries index to...

US Services Gauge Shrinks Unexpectedly in Worst Slide Since 2020

US services gauge unexpectedly shrank at the end of 2022, with steep declines in measures of business activity and orders that, if sustained, risk heightening concerns about the demand outlook. The Institute for Supply Management’s index of services dropped to 49.6 last month, the lowest since...

US Services Gauge Rises to Four-Month High While Prices Pick Up

The US service sector expanded in January by the most in four months after coming close to stagnating at the end of 2023, helped by a pickup in orders and employment. The Institute for Supply Management’s overall gauge of services increased 2.9 points, the most in a year, to...

US Services Expand by Most in Four Months on Stronger Demand

The US service sector expanded in June at the fastest pace in four months as business activity and orders quickened. The Institute for Supply Management’s overall gauge of services increased 3.6 points — the most since the start of the year — to 53.9 last month. Readings above 50...

US Services Activity Nearly Stalls as Price Gauge Slides

The US service sector nearly stagnated in May as business activity and orders downshifted, while a measure of prices paid slid to a three-year low. The Institute for Supply Management’s overall gauge of services fell to 50.3, the weakest level this year, from 51.9 in April, according to...

US service sector slows in December as employment plummets - ISM survey

The U.S. services sector slowed considerably in December, with a measure of employment dropping to the lowest level in nearly 3-1/2 years, a survey showed on Friday. The Institute for Supply Management (ISM) said that its non-manufacturing PMI fell to 50.6 last month, the lowest reading since...

US service sector picks up in November – ISM

The U.S. services sector picked up in November amid an increase in business activity, although new orders remained flat and a gauge of input inflation dipped as the lagged effects of higher interest rates start to have a greater impact. The Institute for Supply Management (ISM) said on Tuesday...

US Service Sector Activity Expanded at Slower Pace in July

US service sector activity expanded at a more moderate pace in July, restrained in part by a softening of employment growth. The Institute for Supply Management’s service index decreased 1.2 points to 52.7 last month, data showed Thursday. Readings above 50 indicate expansion, though the latest...

US Service Industry Expands at a Modest Pace as Activity Cools

The US service sector expanded only modestly in April, restrained by the weakest pace of business activity in nearly three years. The Institute for Supply Management’s overall gauge of services edged up to 51.9 last month from 51.2 in March, according to data out Wednesday. Readings above 50...

US Service Gauge Rises to Six-Month High, Topping All Forecasts

US service sector activity rose to a six-month high in August, bolstered by a pickup in new orders and hiring. The Institute for Supply Management’s services index increased almost 2 points to 54.5, data showed Wednesday. Readings above 50 indicate expansion, and the figure topped all estimates...

US S&P Manufacturing PMI rises to 50.4 in April, Composite PMI improves to 53.5

Business activity in the US private sector expanded at a strengthening pace in April with S&P Global Composite PMI rising to 53.5 (flash) from 52.3 in March. This reading came in better than the market expectation of 52.8. S&P Global Manufacturing PMI improved to 50.4 in the same period...

US S&P Manufacturing PMI Falls to 46.3 in June, Composite PMI Declines to 53

Business activity in the US private sector expanded at a softening pace in early June with S&P Global Composite PMI falling to 53 from 54.3 in May. This reading came in worse than the market expectation of 54.4. S&P Global Manufacturing PMI slumped to 46.3 from 48.3 in the same period and...

US S&P Global Manufacturing PMI Rises to 51.5, Composite PMI Edges Lower to 51.4

US S&P Global Composite PMI declined to 51.4 in February's flash estimate from 52 in January, showing that the business activity in the US' private sector continued to expand, albeit at a softer pace than in January. S&P Global Manufacturing PMI improved to 51.5 from 50.7 in the same...

US Retail Sales Unexpectedly Rise in Sign of Consumer Resilience

US retail sales unexpectedly rose in May, showcasing resilient consumer demand in the face of mounting economic challenges. The value of retail purchases climbed 0.3% after a 0.4% gain in April, Commerce Department data showed Thursday. Excluding autos and gasoline, sales were up...

US Retail Sales Stagnate as Inflation, Rates Hit Consumers

US retail sales were sluggish last month, suggesting shoppers are becoming more guarded about discretionary purchases in the worst inflationary environment in decades. The value of overall retail purchases were little changed in September after an upwardly revised 0.4% gain in August,...

US Retail Sales Slide by More Than Forecast in Broad Decline

US retail sales fell at the close of the holiday-shopping season by more than forecast, ending the year on a sour note as consumers faced the worst inflation in a generation and higher borrowing costs. The value of overall retail purchases decreased 1.1% in December after a downwardly...

US Retail Sales Rose 0.7% In September Vs. 0.3% Anticipated

Retail Sales in the US rose 0.7% on a monthly basis in September to $704.9 billion, the data published by US Census Bureau showed on Tuesday. This reading followed the 0.8% (revised from 0.6%) increase recorded in August and came in better than the market expectation of 0.3%. Retail Sales...

US Retail Sales Rise 0.3% in November vs. -0.1% Expected

Retail Sales in the US rose 0.3% on a monthly basis in November to $705.7 billion, the data published by the US Census Bureau showed on Thursday. This reading followed the 0.2% decline (revised from -0.1%) recorded in October and came in better than the market expectation of a 0.1%...

US Retail Sales Post Biggest Decline in Nearly a Year

US retail sales fell in November by the most in nearly a year, reflecting softness in a range of categories that suggest some easing in Americans’ demand for merchandise. The value of overall retail purchases dropped 0.6% last month after rising 1.3% in October, Commerce Department data...

US Retail Sales Miss Forecasts After Steep Drop in Prior Month

US retail sales rose by less than forecast after a steep drop to start the year, underscoring concerns about the durability of consumer spending. The value of retail purchases, unadjusted for inflation, increased 0.6% from January after a downward revision to the prior month, Commerce...

US Retail Sales Jump by Most in Nearly Two Years in Broad Gain

US retail sales rose in January by the most in nearly two years, underscoring robust consumer demand for goods that threatens to keep prices elevated. The value of overall retail purchases increased 3% in a broad advance after a 1.1% drop in the prior month, Commerce Department data...

US Retail Sales Increase in Sign of Steady Consumer Spending

US retail sales increased last month, reflecting strength in several categories that highlights steady consumer spending. The value of retail purchases rose 0.4% after an upwardly revised 0.7% decrease in March, Commerce Department data showed Tuesday. Excluding autos and gasoline,...

US Retail Sales Fall as Consumers Feel Weight of Inflation

US retail sales fell in February after a surge in the prior month, suggesting consumer spending, while holding up, is getting challenged by high inflation. The value of overall retail purchases decreased 0.4% after a revised 3.2% advance in January, Commerce Department data showed...

US Retail Sales Exceed Forecast and Prior Month Revised Higher

US retail sales rose by more than forecast in March and the prior month was revised higher, showcasing resilient consumer demand that’s likely to support robust economic growth the first quarter. The value of retail purchases, unadjusted for inflation, increased 0.7% from February, Commerce...

US Q4 GDP Growth Revised Lower To 3.2% From 3.3%

The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.2% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its second estimate on Wednesday. The BEA reported in its advanced estimate the real GDP growth was 3.3%. "The update primarily reflected a...

US Q4 GDP Growth Revised Higher to 3.4% from 3.2%

The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.4% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its final estimate on Thursday. The BEA reported in its previous estimate that the real GDP growth was 3.2%. "The update primarily reflected...

US Q2 GDP growth unrevised at 2.1%; weekly jobless claims edge higher

The U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market. Gross domestic product increased at an unrevised 2.1% annualized rate last quarter, the...

US Producer Prices Unexpectedly Fall, Signaling Easing Pressures

US producer prices unexpectedly declined in February, pointing to an easing of cost pressures in corners of an economy still battling the highest inflation in a generation. The producer price index for final demand fell 0.1% from the prior month and increased 4.6% from a year earlier,...

US Producer Prices Unexpectedly Fall for a Third Month

Prices paid to US producers unexpectedly fell in December for a third straight month, consistent with limited inflation at the wholesale level. The producer price index for final demand decreased 0.1% last month. Excluding food and energy, the so-called core PPI was little...

US Producer Prices Rise at Slowest Pace in Nearly Three Years

US producer prices barely increased in June from a year earlier, rising at the slowest pace in nearly three years and extending a months-long deceleration in pipeline inflationary pressures.  The producer price index for final demand rose 0.1% from a year earlier, according to data...

US Producer Prices Rise 2.1% From Year Ago, Most in 11 Months

US producer prices increased in March from a year earlier by the most in 11 months, highlighting the sticky nature of inflation. The producer price index for final demand rose 2.1% from March 2023, Labor Department data showed Thursday. On a monthly basis, the PPI increased...

US Producer Prices Increased by More Than Forecast in November

US producer prices rose in November by more than forecast, underscoring the stickiness of inflationary pressures and supporting Federal Reserve interest-rate increases into 2023. The producer price index for final demand rose 0.3% for a third month and was up 7.4% from a year...

US Producer Prices Increased by More Than Forecast in January

Prices paid to US producers rose in January by more than forecast, highlighting the sticky nature of inflation.  The producer price index for final demand increased 0.3% from December, Labor Department data showed Friday. The gauge rose 0.9% from a year earlier, also exceeding...

US Producer Prices Increase at Slowest Pace Since Early 2021

US wholesale inflation continued to moderate in April, extending a year-long slowdown tied to falling commodities costs and improved supply chains. The producer price index for final demand increased 2.3% from a year ago, the slowest pace since early 2021, according to data out Thursday from the...

US Producer Prices Exceed Forecast in Biggest Gain Since June

US producer prices rebounded in January by more than expected, underscoring persistent inflationary pressures that could push the Federal Reserve to pursue further interest-rate increases in the months ahead.  The producer price index for final demand jumped 0.7% last month, the...

US Producer Prices Declined by More Than Forecast in May

US producer prices declined in May, underscoring a continued easing in supply-side inflation. The producer price index for final demand decreased 0.3% from a month earlier, according to data out Wednesday from the Bureau of Labor Statistics. From a year ago, the PPI rose 1.1%, the smallest...

US Producer Prices Climbed by More Than Forecast in September

Prices paid to US producers rose in September by more than expected, suggesting inflationary pressures will take time to moderate and keeping the Federal Reserve on its aggressive interest rate-hike path. The producer price index for final demand climbed 0.4% from August, the first...

US Producer Price Index Declines by Most Since Start of Pandemic

US producer prices dropped in December by the most since the start of the pandemic, extending a months-long pullback in inflationary pressures.   The producer price index for final demand fell 0.5% last month, the most since April 2020, and was up 6.2% from a year earlier,...

US Producer Price Growth Slows, Showing Moderating Inflation

US producer price growth decelerated in October, the latest sign that inflationary pressures are beginning to ease. The producer price index for final demand advanced 0.2% from the prior month and 8% from a year ago, Labor Department data showed Tuesday. Excluding the volatile food and...

US Private Sector Employment Rises 89,000 in September vs. 153,000 Expected

Private sector employment in the US rose 89,000 in September, the data published by Automatic Data Processing (ADP) showed on Wednesday. This reading followed the 180,000 increase (revised from 177,000) recorded in August and missed the market expectation of 153,000 by a wide margin. "Job stayers...

US Philadelphia Fed Manufacturing Index Rises To -9 In October Vs. -6.6 Expected

The Diffusion Index for current general activity of the Federal Reserve Bank of Philadelphia's Manufacturing Survey rose to -9 in October from -13.5 in September. This reading came in worse than the market expectation of -6.6. “This is the index’s 15th negative reading in the past 17 months....

US PCE Inflation Cools Further, Paving Way for Smaller Fed Hike

The Federal Reserve’s preferred inflation measures eased in December to the slowest annual paces in over a year while consumer spending fell, affirming expectations for policymakers to further downshift the pace of interest-rate hikes. The personal consumption expenditures core price index, which...

US PCE Inflation Accelerates, Adding Pressure for More Fed Hikes

The Federal Reserve’s preferred inflation metrics accelerated in January more than expected and consumer spending increased by the most since 2021, a combination that puts pressure on policymakers to keep ratcheting up interest rates. The personal consumption expenditures price...

US Payrolls Pick Up, Wages Gain as Labor Market Stays Solid

US job growth picked up in December and wage gains exceeded expectations, diminishing prospects for a Federal Reserve interest-rate cut in March. Nonfarm payrolls increased 216,000 after a downwardly revised 173,000 advance in November, a Bureau of Labor Statistics report showed Friday....

US Nonfarm Payrolls rise by 517,000 in January vs. 185,000 expected

The data published by the US Bureau of Labor Statistics (BLS) revealed on Friday that Nonfarm Payrolls rose by 517,000 in January. This reading came in much higher than the market expectation of 185,000 and followed December's increase of 260,000. Further details of the publication revealed that...

US New-Home Sales Surge to Fastest Pace in More Than a Year

US new-home sales advanced in May to the fastest pace in over a year, bolstered by limited inventory in the resale market. Purchases of new single-family homes increased 12.2% to an annualized 763,000 pace last month, government data showed Tuesday. The median estimate in a Bloomberg...

US New-Home Sales Surge to Fastest Clip Since February 2022

US sales of new houses rose in September to the fastest pace since early 2022, suggesting there’s still some appetite for homes despite soaring mortgage rates. Purchases of new single-family homes increased 12.3% to a 759,000 annualized pace last month, government data showed Wednesday....

US New-Home Sales Fall for First Time Since February

US new-home sales declined in June for the first time in four months, suggesting high borrowing costs and prices are restraining momentum in the market. Purchases of new single-family homes fell 2.5% to an annualized 697,000 pace after a downward revision to the prior month, government...

US New-Home Sales Eased in February, Suggesting Uneven Recovery

New-home sales in the US unexpectedly fell in February for the first time in three months, suggesting an uneven recovery for the housing market. Purchases of new single-family homes decreased 0.3% to a 662,000 annual pace last month, government data showed Monday. The median forecast of...

US Near-Term Inflation Views Jump to 4.2%, Highest Since May

US near-term inflation expectations rose in October to a five-month high as they feared higher prices at the gas pump, reinforcing downbeat views on the economy. Consumers expect prices will climb at an annual rate of 4.2% over the next year, up from the 3.2% expected last month, according to the...

US Manufacturing Gauge Drops as Industry Struggles for Momentum

A measure of US factory activity shrank at a faster pace in February as orders, production and employment contracted, suggesting manufacturing is struggling for momentum. The Institute for Supply Management’s manufacturing gauge fell 1.3 points to 47.8 last month from a 15-month high in...

US Manufacturing Gauge Contracts at Fastest Pace in Three Months

A measure of US factory activity stumbled to a three-month low as sagging orders and scant production growth undercut hopes that manufacturing is turning the corner after an almost year-long slide. The Institute for Supply Management’s manufacturing gauge fell 2.3 points, the biggest monthly...

US Manufacturing Contracts for a Second Month, Prices Ease

US manufacturing activity contracted for a second month in December, capping the steepest annual slide in the key factory gauge since 2008 and helping to further tame price pressures. The Institute for Supply Management’s gauge of factory activity fell to 48.4 last month, the lowest...

US Manufacturing Activity Shrinks by Most in Three Years

US factory activity contracted for an eighth month in June, slipping to the weakest level in more than three years as production, employment and input prices retreated. The Institute for Supply Management’s manufacturing gauge fell to 46, the weakest since May 2020, from 46.9 a month...

US Manufacturing Activity Contracts for a Ninth-Straight Month

US factory activity contracted in July for a ninth-straight month, reflecting tepid demand for American merchandise at home and abroad. The Institute for Supply Management’s gauge of factory activity edged up to 46.4 last month, according to data released Tuesday. Readings less than 50...

US Labor Costs Pick Up, Likely Locking In One More Fed Hike

US employment costs accelerated by more than forecast at the start of the year, underscoring persistent inflationary pressures that will keep the Federal Reserve on track for another interest-rate hike next week. The employment cost index, a broad gauge of wages and benefits, increased 1.2%...

US JOLTS Job Openings Little Changed At 8.86 Million In January

The number of job openings on the last business day of January stood at 8.86 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This reading followed 8.88 million (revised from 9.02 million) openings in December and came in...

US JOLTS Job Openings Fall To 9.58 Million In June Vs. 9.62 Million Expected

The number of job openings on the last business day of June stood at 9.58 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed 9.82 million openings in May and came in slightly below the market expectation...

US JOLTS Job Openings Drop to 8.82 Million in July vs. 9.46 Million Expected

The number of job openings on the last business day of July stood at 9.58 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed 9.16 million (revised from 9.58 million) openings in June and came in below...

US Jobs Roar Again as Payrolls Jump 303,000, Unemployment Drops

US payrolls rose in March by the most in nearly a year and the unemployment rate dropped, pointing to a strong labor market that’s powering the economy. Nonfarm payrolls advanced 303,000 last month following a combined 22,000 upward revision to job gains in the prior two months, a Bureau of...

US Jobs Rise While Unemployment Drops, Keeping Pressure on Fed

US hiring continued at a solid, yet more moderate pace last month and the unemployment rate fell, indicating the labor market remains tight and has so far proven resilient to steep interest-rate hikes by the Federal Reserve. Nonfarm payrolls increased 263,000 in September -- the smallest monthly...

US Jobless Claims Unexpectedly Drop to Lowest Since September

Applications for US unemployment benefits fell last week to the lowest since September, in another sign of resiliency in the labor market amid a weakening economy. Initial unemployment claims decreased by 20,000 to 211,000 in the week ended Dec. 10, Labor Department data showed Thursday. The...

US Jobless Claims Unexpectedly Decline for a Second Week

Applications for US unemployment benefits unexpectedly eased for a second week, underscoring a still-tight job market in which employers are reluctant to reduce headcount. Initial filings for jobless benefits fell by 1,000 to 191,000 in the week ended March 18, Labor Department data...

US Jobless Claims Tick Up Slightly, Remain Historically Low

Applications for US unemployment benefits remained historically low last week, highlighting ongoing strength in the labor market. Initial jobless claims ticked up slightly to 207,000 in the week ending Sept. 30, according to Labor Department data out Thursday. The median estimate in a...

US Jobless Claims Surge to 261,000, Highest Since October 2021

Applications for US unemployment benefits jumped last week to the highest level since October 2021, suggesting mounting layoff announcements are starting to translate into job cuts. Initial jobless claims rose by 28,000 to 261,000 in the week ended June 3, a Labor Department report showed...

US Jobless Claims Rise to Two-Month High as Labor Market Cools

Initial applications for US unemployment benefits unexpectedly rose to a two-month high last week, suggesting some cooling in the labor market. Initial claims increased by 9,000 to 224,000 in the week ending Jan. 27, according to Labor Department data released on Thursday. The median forecast in...

US Jobless Claims Rise to 264,000, Highest Since October 2021

Applications for US unemployment benefits rose to the highest level since October 2021, adding to evidence that the labor market is gradually cooling. Initial unemployment claims increased by 22,000 to 264,000 in the week ended May 6, Labor Department data showed Thursday. The reading was...

US Jobless Claims Rise by More Than Forecast to 219,000

Applications for US unemployment insurance rose more than expected last week, though remained historically low, in the latest sign that labor demand may be beginning to moderate. Initial unemployment claims increased by 29,000 to 219,000 in the week ended Oct. 1, Labor Department data showed...

US Jobless Claims Hold Near Historic Low Despite Cooling Economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy. Initial unemployment claims decreased by 1,000 to 217,000 in the week ended Oct. 29, Labor Department data showed...

US Jobless Claims Fall to Two-Month Low of 228,000

US applications for unemployment benefits fell last week to the lowest level in two months, suggesting resilient demand for workers amid a moderation in job gains.  Initial jobless claims fell by 9,000 to 228,000 in the week ended July 15, according to Labor Department data published...

US Jobless Claims Fall to 201,000, Lowest Level Since January

Applications for US unemployment benefits fell to the lowest level since January last week, indicating a healthy labor market that continues to support the economy. Initial jobless claims dropped by 20,000 to 201,000 in the week ending Sept. 16, according to Labor Department data out...

US Jobless Claims Fall to 198,000, Lowest Level Since January

Applications for US unemployment benefits dropped to the lowest level since January last week as the labor market kept powering ahead. Initial jobless claims fell to 198,000 in the week ending Oct. 14, according to Labor Department data out Thursday. The median estimate in a Bloomberg survey...

US Jobless Claims Exceed Forecast After Updated Seasonal Factors

Applications for US unemployment benefits exceeded estimates and the prior week was revised up significantly in the wake of the government’s updated seasonal adjustment factors. Initial unemployment claims decreased by 18,000 to 228,000 in the week ended April 1, Labor Department data showed...

US Jobless Claims Drop to 190,000, Lowest Level Since September

Applications for US unemployment benefits unexpectedly fell last week, sliding to the lowest level since September and underscoring a strong jobs market where many businesses are reluctant to let go of workers.  Initial unemployment claims decreased by 15,000 to 190,000 in the...

US Jobless Claims Drop by Most Since 2021 in Holiday Week

US unemployment benefits applications fell last week by the most since October 2021. Initial jobless claims decreased by 26,000 to 239,000 in the week ended June 24, which included the Juneteenth holiday, according to the Labor Department’s Thursday report. The figure was lower than all...

US Jobless Claims Dip to 237,000 as Labor Market Stays Resilient

US applications for unemployment benefits fell last week, suggesting a resilient labor market despite a moderation in job gains. Initial claims for unemployment benefits dropped by 12,000 to 237,000 in the week ending July 8, according to a Labor Department report released on Thursday. The...

US Jobless Claims Decline in Sign of Resilient Labor Market

Applications for unemployment benefits fell last week, suggesting the resilient economy is making employers reluctant to reduce headcount. Initial claims decreased by 11,000 to 239,000 in the week ended Aug. 12, according to Labor Department data out Thursday. The median estimate in a...

US Job Openings Unexpectedly Rose to 10.7 Million in September

US job openings unexpectedly rose in September, highlighting an enduring tightness in the labor market that risks keeping upward pressure on wages.  The number of available positions increased to 10.7 million in September from a revised 10.3 million a month earlier, the Labor...

US Job Openings Unexpectedly Rise to Three-Month High

US job openings unexpectedly rose in December to the highest level in three months, highlighting a robust labor market that’s powering strong economic growth. Vacancies increased to 9 million from an upwardly revised 8.9 million reading in the prior month, the Bureau of Labor Statistics Job...

US Job Openings Unexpectedly Rise a Second Month to 9.6 Million

US job openings unexpectedly climbed in September for a second month, underscoring the persistent strength of labor demand in various pockets of the economy. The number of available positions increased to 9.6 million from a downwardly revised 9.5 million in August, the Bureau of Labor...

US Job Openings Topped All Forecasts at 9.61 Million in August

US job openings unexpectedly increased in August, fueled by a surge in white-collar postings, highlighting the durability of labor demand.  The number of available positions increased to 9.61 million from a revised 8.92 million in July, the Bureau of Labor Statistics’ Job Openings...

US Job Openings Surge to 10.1 Million, Exceeding All Estimates

Vacancies at US employers unexpectedly surged in April to the highest in three months, suggesting demand for workers remains strong despite challenging economic conditions. The number of available positions increased to 10.1 million from an upwardly revised 9.75 million in March, the...

US Job Openings Remain Highly Elevated at 10.46 Million

US job openings remained elevated in November, highlighting how a resilient labor market is likely to keep the Federal Reserve tilted toward more restrictive policy in the months ahead. The number of available positions ticked down to 10.46 million from 10.51 million a month earlier,...

US Job Openings Fall to Lowest Since 2021 as Labor Market Cools

US job openings fell in October to the lowest level since March 2021, adding to evidence that the labor market is cooling. The number of available positions decreased to 8.7 million from a downwardly revised 9.4 million in the prior month, the Bureau of Labor Statistics’ Job Openings...

US Job Openings Fall to 9.8 Million After Prior Month’s Surge

Vacancies at US employers fell in May but remained historically elevated, highlighting persistent demand for labor even as other sectors of the economy cool.  The number of available positions fell to 9.8 million from an upwardly revised 10.3 million in April, the Labor...

US Job Openings Fall by More Than Forecast to 9.59 Million

Vacancies at US employers fell by more than forecast in March, adding to signs of softening in a still-tight labor market. The number of available positions decreased to 9.59 million from nearly 10 million a month earlier, the Labor Department’s Job Openings and Labor Turnover Survey,...

US Job Openings Fall Below 10 Million for First Time Since 2021

Vacancies at US employers dropped in February to the lowest since May 2021, suggesting a cooling in labor demand but still indicative of a job market that’s too tight for the Federal Reserve. The number of available positions decreased to 9.9 million from a downwardly revised 10.6...

US Job Openings Eased Further in November to 8.79 Million

US job openings eased in November to the lowest level since March 2021, adding to evidence of cooling labor demand.  Vacancies decreased to 8.79 million from an upwardly revised 8.85 million in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known...

US Job Openings Drop to 10.8 Million But Still Too High for Fed

Vacancies at US employers retreated at the start of the year but remained historically elevated, highlighting a persistent imbalance between labor demand and supply that supports a higher level of interest rates from the Federal Reserve. The number of available positions decreased to...

US Job Openings Drop to 10.1 Million, Lowest Since June 2021

US job openings fell more than expected in August to a more than one-year low, suggesting labor demand -- while still robust -- is moderating.  The number of available positions decreased to 10.1 million in the month from 11.2 million in July, the Labor Department’s Job Openings...

US ISM Manufacturing PMI Improves To 50.3 In March Vs. 48.4 Expected

Business activity in the US manufacturing sector expanded at a modest pace in March, with the ISM Manufacturing PMI rising to 50.3 from 47.8 in February. This reading came in better than the market expectation of 48.4. Other details of the report showed that the Employment Index edged higher to...

US Initial Jobless Claims Rise More Than Expected in Week Ended March 30

US initial jobless claims rose to 221,000 in the week ended March 30 from an upwardly revised 212,000 level in the previous week, compared with expectations for a smaller increase to 214,000 in survey of analysts compiled by Bloomberg as of 7:45 am ET. The four-week moving average rose by 2,750...

US Initial Jobless Claims Drop for the First Time in Three Weeks

Initial applications for US unemployment benefits fell for the first time in three weeks, suggesting employers are still largely holding on to their workers.  Initial claims decreased by 9,000 to 218,000 in the week ended Feb. 3, according to Labor Department data out Thursday. The...

US Initial Jobless Claims Decline Unexpectedly in Week Ended March 16

US initial jobless claims fell to 210,000 in the employment survey week ended March 16 from an upwardly revised 212,000 level in the previous week, compared with expectations for an increase to 213,000 in survey of analysts compiled by Bloomberg as of 7:45 am ET. Initial claims were at a level of...

US Initial Claims for Jobless Benefits Rise Less Than Forecast

Initial applications for US unemployment insurance rose last week by less than forecast, remaining near historic lows and indicating the labor market remains resilient as companies seek to retain employees. First-time claims for benefits climbed by 2,000 to 205,000 in the week ended...

US Inflation, Spending Pick Up in Sign of Economic Resilience

US inflation and consumer spending accelerated last month, highlighting steady price pressures and demand even as a credit crunch risks damaging the economy. The personal consumption expenditures price index, one of the Federal Reserve’s preferred inflation gauges, rose a...

US Inflation Stays Elevated, Adding Pressure for More Fed Hikes

US consumer prices rose briskly at the start of the year, a sign of persistent inflationary pressures that could push the Federal Reserve to raise interest rates even higher than previously expected. The overall consumer price index climbed 0.5% in January from the prior month,...

US Inflation Rises by Less Than Forecast, Spending Moderates

A key gauge of US inflation stepped down last month by more than expected and consumer spending stabilized, suggesting the Federal Reserve may be close to ending its most aggressive cycle of interest-rate hikes in decades. Excluding food and energy, the Fed’s preferred inflation gauge — the...

US Inflation Pressures Further Intensified in September

Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively. Consumer prices rose 8.2%...

US Inflation Expectations Fall to Lowest in Over Two Years

US inflation expectations fell in early September to the lowest levels in more than two years as consumers grew more optimistic about the economic outlook. Consumers expect prices will climb at an annual rate of 3.1% over the next year, down from the 3.5% expected in August, according to the...

US Inflation Cools Again, Giving Fed Room to Downshift on Rates

A key gauge of US inflation posted a moderate increase in December, adding to evidence that some price pressures are easing and offering the Federal Reserve room to slow the pace of interest-rate hikes next month. Excluding food and energy, the consumer price index rose 0.3% last month...

US Inflation Cooled While Consumer Spending Picked Up in June

Key US inflation measures continued to cool and consumer spending picked up in June, adding to momentum in the economy ahead of the third quarter. The personal consumption expenditures price index rose 0.2% last month from May, Commerce Department data showed Friday. From a year...

US Housing Starts Unexpectedly Rise to a Six-Month High

US new-home construction unexpectedly surged in November to a six-month high, benefiting from a dearth of existing houses on the market and suggesting the crunch in residential real estate is easing. Residential starts increased 14.8% last month to a 1.56 million annualized rate,...

US Housing Starts Declined in June After Surging in Prior Month

New US home construction retreated in June after surging a month earlier, to a pace that indicates builders are working to fill the void left by lean housing inventory in the resale market. Residential starts fell 8% last month to a 1.43 million annualized rate, according to government data...

US Hiring Surges, Bolstering Case for Another Fed Rate Hike

US employment unexpectedly surged in September by the most since the start of the year, illustrating a durable labor market and bolstering the case for another Federal Reserve interest-rate hike.  Nonfarm payrolls increased 336,000 last month after sizable upward revisions to the prior...

US Hiring and Wages Top Forecasts, Keeping Pressure on Fed

US employers added more jobs in November than expected and wage growth picked up from the prior month, indicative of labor demand that’s still too strong for the Federal Reserve in its quest to stomp out inflation. Nonfarm payrolls increased 263,000 last month after an upwardly revised 284,000...

US Goods-Trade Deficit Narrows to Smallest in Nearly Two Years

The US merchandise-trade deficit narrowed in November to the smallest in nearly two years due to a plunge in imports. The shortfall decreased 15.6% the most since 2009 to $83.3 billion last month, Commerce Department data showed Tuesday. The figures, which aren’t adjusted for inflation,...

US GDP Growth Accelerates to 2.4% as Consumers Show Resilience

US economic growth unexpectedly picked up steam in the second quarter, boosted by stronger-than-forecast consumer spending and robust business investment. Gross domestic product rose at a 2.4% annualized rate after a 2% pace in the previous three months, the Commerce Department’s initial...

US Firms Add More Jobs Than Forecast in December, ADP Data Show

US companies ramped up hiring in December, suggesting there’s still appetite for workers in a cooling labor market. Private payrolls increased 164,000 last month after a revised 101,000 gain in November, according to figures published Thursday by the ADP Research Institute in collaboration...

US Factory Production Rises on Firmer Output of Consumer Goods

US factory production rose in September on firmer output of consumer goods, suggesting manufacturing is stabilizing. The 0.4% increase in factory output last month followed a revised 0.1% drop in August, according to Federal Reserve data published Tuesday. Total industrial...

US Factory Gauge Shrinks to Extend Worst Stretch in Two Decades

A measure of US factory activity shrank for a 13th straight month in November as high interest rates continue to hammer the goods-producing side of the economy. The Institute for Supply Management’s manufacturing gauge held at 46.7, according to data released Friday. The figure was...

US Factory Gauge Contracts at Slowest Pace in Nearly a Year

A measure of US factory activity contracted in September by the least in nearly a year, offering hope that the worst may be over for the nation’s producers. The Institute for Supply Management’s manufacturing gauge rose to 49, the highest since November, from 47.6 the month before,...

US Factory Gauge Climbs to Highest Since 2022 on Orders Growth

A measure of US factory activity climbed to a 15-month high at the start of the year, fueled by the strongest orders growth since May 2022 and suggesting manufacturing is starting to stabilize. The Institute for Supply Management’s manufacturing gauge rose 2 points to 49.1 last month,...

US Factory Activity Gauge Suggests Stabilization at Weak Level

A measure of US factory activity shrank less in August than a month earlier in a hopeful sign that the malaise in manufacturing is no longer deepening. The Institute for Supply Management’s manufacturing gauge edged up to a six-month high of 47.6, from 46.4 in July, according to data...

US Existing-Home Sales Decline to Cap Worst Year Since 1995

Sales of previously owned US homes fell in December, capping the worst year for the housing market in nearly three decades. Contract closings decreased 1% from a month earlier to a 3.78 million annualized rate, according to National Association of Realtors data released Friday. For all of...

US Existing Home Sales Rise to Five-Month High in January

U.S. existing home sales increased to a five-month high in January as declining mortgage rates pulled in buyers from the sidelines, but tight supply remains a challenge. Home sales rose 3.1% last month to a seasonally adjusted annual rate of 4.00 million units, the highest level since last...

US Existing Home Sales Drop, but Prices Up from a Year Earlier

U.S. existing home sales dropped to a six month-low in July as home owners who are locked into cheap mortgages refrained from selling their properties with the cost of new mortgages for another home at the highest levels in decades. That limited inventory, however, helped drive prices higher on a...

US Employment Costs Rose in Fourth Quarter by Less Than Forecast

US employment costs rose at the end of 2023 by less than forecast, consistent with a gradual moderation in the labor market that’s key to the Federal Reserve’s fight against inflation.  The employment cost index, a broad gauge of wages and benefits, increased 0.9% in the fourth quarter,...

US economy near stalling point as consumer demand weakens, survey says

U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted. S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading...

US Economy Grew 5.2% in Third Quarter, More Than First Estimated

The US economy grew at an even faster pace in the third quarter than originally estimated, reflecting upward revisions to business investment and government spending. Gross domestic product rose at an upwardly revised 5.2% annualized pace in the third quarter, the fastest in nearly two...

US Economy Expands by Most Since 2021 on Household Spending

The US economy grew at the fastest pace in nearly two years last quarter, fueled by a surge in consumer spending. Gross domestic product accelerated to a 4.9% annualized rate, more than double the second-quarter pace, according to the government’s preliminary estimate Thursday. The economy’s...

US Economy Expands at Revised 2.1% Pace in Second Quarter

The government’s two main measures of US economic activity accelerated in the second quarter, reinforcing a picture of a resilient economy that’s showing signs of picking up steam.  Gross domestic product rose at a downwardly revised 2.1% annualized pace in the second quarter, below the...

US Economic Growth Slows to 1.1% as Business Investment Slumps

US economic growth slowed in the first quarter by more than expected as tepid business investment and a pullback in inventories tempered a pickup in consumer spending. Gross domestic product rose at a 1.1% annualized rate on the back of the strongest consumer spending in nearly two years,...

US economic growth accelerates in third quarter

The U.S. economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, again defying dire warnings of a recession that have lingered since 2022. Gross domestic product increased at a 4.9% annualized rate last...

US Durable Goods Orders Rise for First Time in Three Months

New orders placed with US factories for durable goods rose in February for the first time in three months, suggesting firms are somewhat optimistic about the direction of the economy. Bookings for all durable goods — items meant to last at least three years — increased 1.4%, following a...

US CPI Inflation Rises To 3.2% Vs. 3.3% Expected

Inflation in the US, as measured by the change in the Consumer Price Index (CPI), rose to 3.2% on a yearly basis in July from 3% in June, the US Bureau of Labor Statistics (BLS) reported on Thursday. This reading came in slightly below the market expectation of 3.3%. Consumer Price Index in the...

US Core PCE Prices Rise by Less Than Forecast; Spending Gains

A core gauge of US inflation rose in October by less than expected, while consumer spending firmed, a step in the right direction for a Federal Reserve seeking a sustained period of abating price pressures. The personal consumption expenditures price index excluding food and energy, which Fed...

US Core PCE Prices Post Smallest Monthly Rise Since Late 2020

The Federal Reserve’s preferred measure of underlying inflation rose at the slowest monthly pace since late 2020, while consumer spending edged up.  The core personal consumption expenditures price index, which strips out the volatile food and energy components, rose 0.1% in August,...

US Core PCE Prices Post Biggest Increase in Four Months

The Federal Reserve’s preferred measure of underlying inflation accelerated to a four-month high in September, bolstered by a pickup in consumer spending that if sustained risks steering the central bank toward raising interest rates in the months ahead. The core personal consumption...

US Core PCE Inflation Stays Brisk While Consumer Spending Stalls

Underlying US inflation remained brisk last month, reinforcing the case for another Federal Reserve interest-rate hike next week.  The personal consumption expenditures price index excluding food and energy, one of the Fed’s preferred inflation gauges rose 0.3% in March for a second...

US Core PCE Inflation Picks Up While Consumers Show Resilience

A core gauge of US inflation accelerated in September, while consumer spending stayed resilient, indicating price pressures and solid demand that reinforce the Federal Reserve’s case for another big interest-rate hike next week. The personal consumption expenditures price...

US Core PCE Inflation Cools, Consumer Spending Misses Forecasts

A key gauge of US inflation continued to moderate last month while spending stagnated, extending a welcome easing in price pressures but far short of the moderation the Federal Reserve is seeking to pause interest-rate hikes. The personal consumption expenditures price index excluding food and...

US Core Inflation Tops Forecasts for a Second Straight Month

Underlying US inflation topped forecasts for a second month in February, reinforcing the Federal Reserve’s cautious approach to cutting interest rates. The so-called core consumer price index, which excludes food and energy costs, increased 0.4% from January, according to government data out...

US Core CPI Tops Forecasts Again, Likely Delaying Fed Rate Cuts

A measure of underlying US inflation topped forecasts for a third straight month, signaling persistent price pressures that will likely delay any Federal Reserve interest-rate cuts until later in the year. The so-called core consumer price index, which excludes food and energy costs,...

US Core CPI Slows More Than Forecast, Gives Fed Downshift Room

A measure of underlying US inflation rose in October by less than projected, offering the Federal Reserve a clearer path to slow the pace of interest rate hikes in coming months. The core consumer price index, which excludes food and energy, increased 0.3% from the prior month, Labor...

US Core CPI Posts Smallest Monthly Increase in More Than a Year

A key gauge of US consumer prices in November posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes. Excluding food and energy, the consumer price...

US Continuing Jobless Claims Rise for Seventh Straight Week

Recurring applications for US unemployment benefits rose for a seventh straight week, adding to evidence that the labor market is cooling. Continuing jobless claims, a proxy for the number of people receiving unemployment benefits, increased to 1.83 million in the week ended Oct. 28, the highest...

US Continuing Jobless Claims Increase for Sixth Straight Week

Recurring applications for unemployment benefits rose for a sixth straight week, indicating those losing their jobs are starting to have more trouble finding new ones. Continuing jobless claims, a proxy for the number of people receiving unemployment benefits, increased to 1.82 million in the...

US Continuing Jobless Claims Drop for First Time in Two Months

Continuing applications for US jobless benefits fell for the first time in two months. Recurring jobless claims, a proxy for the number of people continuously receiving unemployment benefits, eased to 1.84 million in the week ended Nov. 11, according to Labor Department data out Wednesday. A...

US Continued Jobless Claims Jump to Highest Since Late 2021

Recurring applications for US unemployment benefits jumped to the highest in about two years, adding to evidence of a cooling labor market.  Continuing claims, which are a proxy for the number of people receiving unemployment benefits, rose to 1.93 million in the week ended Nov. 18, higher...

US Consumers Short-Term Inflation Expectations Lowest Since ’21

US consumers remained sanguine about the inflation outlook as 2023 drew to a close, contributing to a robust rebound in sentiment. Americans expect prices will climb at a 3.1% rate over the next year, according to the final December reading from the University of Michigan, matching the...

US Consumer Year-Ahead Inflation Expectations Unexpectedly Fall

US year-ahead inflation expectations unexpectedly declined in early August, matching a more than two-year low, despite higher gasoline and grocery costs. Americans expect prices will climb at a 3.3% rate over the next year, down from the 3.4% expected in July, according to the...

US Consumer Year-Ahead Inflation Expectations Lowest Since 2021

US short-term inflation expectations fell in early June to a more than two-year low, helping drive consumer sentiment higher. Americans expect prices will climb at an annual rate of 3.3% over the next year, down from the 4.2% expected in May, according to the preliminary June reading from the...

US Consumer Year-Ahead Inflation Expectations Increase Further

US short-term inflation expectations climbed to an eight-month high in November and longer-run price views remained at levels not seen since 2011. Americans expect prices will climb at an annual rate of 4.5% over the next year, up from the 4.4% expected earlier in the month, according...

US Consumer Spending, Inflation Slow in Sign of Cooling Economy

US consumers dialed back their spending in October from the prior month as inflation continued to cool, suggesting the economy is shifting into a lower gear. Inflation-adjusted personal spending rose 0.2% last month after a downwardly revised 0.3% advance in September, according to the...

US Consumer Sentiment Slips on Dimmer View of Inflation Outlook

US consumer sentiment declined in early April by more than forecast and inflation expectations increased, underscoring Americans’ frustration with high prices. The University of Michigan’s preliminary April consumer sentiment index dropped to 77.9 from last month’s 79.4 that was the...

US Consumer Sentiment Rises to Highest Since 2021 as Prices Ease

US consumer sentiment rose in July to the highest since October 2021 as inflation continued to ease. The sentiment index climbed to 71.6 from 64.4 last month, according to the final July reading from the University of Michigan. The median estimate in a Bloomberg survey of economists...

US Consumer Sentiment Jumps to Highest Level Since July 2021

US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease. The University of Michigan’s sentiment index climbed to 79.4 from 76.5 earlier in the month, reaching the highest since mid-2021,...

US Consumer Sentiment Jumps to Highest in Nearly Two Years

US consumer sentiment soared in early July to an almost two-year high, bolstered by easing inflation and a strong labor market. The University of Michigan preliminary index rose by 8.2 points to 72.6, the highest since September 2021. The reading topped all forecasts in a Bloomberg...

US Consumer Sentiment Increases to a More Than One-Year High

US consumer sentiment climbed to a more than one-year high in early February as more upbeat views for current conditions outweighed lingering concerns about the outlook. The University of Michigan’s preliminary index of sentiment for the month increased to 66.4 from 64.9 in January, data showed...

US Consumer Sentiment Increases Sharply at Start of 2024

US consumer sentiment surged in January from a month earlier by the most since 2005 as retreating inflation helped bolster views about the economy and household finances. The University of Michigan’s final sentiment index for the month rose 9.3 points from December to 79, according to...

US Consumer Sentiment Improves Further, Michigan Report Shows

US consumer sentiment continued to improve through the end of June, while short-term inflation expectations held at a more than two-year low. The University of Michigan’s consumer sentiment index climbed to 64.4 from a preliminary reading of 63.9, according to the final June reading out...

US Consumer Sentiment Holds Steady as Focus Turns to Election

US consumer sentiment mostly held steady in early March as Americans grew somewhat more cautious about the outlook ahead of the presidential election. The sentiment index ticked down to 76.5 from 76.9 in February, according to the preliminary March reading from the University of Michigan....

US Consumer Sentiment Declines for First Time in Three Months

US consumer sentiment fell in February for the first time in three months as current and expected views of the economy deteriorated. The sentiment index declined to 76.9 from 79 in January, according to the final February reading from the University of Michigan. The figure was lower than all...

US Consumer Prices Rise more than Expected in January

U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare, but the pick-up in inflation likely does not change expectations that the Federal Reserve will start cutting interest rates in the first half of this year. The consumer price index...

US consumer prices rise modestly in June; core inflation slowing

U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably not fast enough to discourage the Federal Reserve from resuming raising interest rates later this month. The CPI gained 0.2% last month...

US Consumer Long-Term Inflation Expectations Hit 12-Year High

US long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting growing concerns about the economic outlook. Consumers see prices climbing at an annual rate of 3.2% over the next five to 10 years, according to the preliminary...

US Consumer Inflation Expectations Rise in Michigan Survey

US consumer inflation expectations in the short and long run increased in early November, while sentiment retreated to a four-month low amid rising borrowing costs. Consumers expect prices will climb at an annual rate of 3% over the next five to 10 years, up from 2.9% in October and the highest...

US Consumer Confidence Unexpectedly Rises on Hopeful Outlook

US consumer confidence unexpectedly improved in March, as Americans grew more optimistic about the economic outlook. The Conference Board’s index increased to 104.2 from a 103.4 reading in February, data out Tuesday showed. The median forecast in a Bloomberg survey of economists called...

US Consumer Confidence Surges by Most Since Early 2021

US consumer confidence rose in December by the most since early 2021 as Americans grew more upbeat about the labor market and inflation. The Conference Board’s index increased to 110.7 in December from a revised 101 reading in November, data published Wednesday showed. The median...

US Consumer Confidence Rises to Highest Level Since Early 2022

US consumer confidence rose in June to the highest level since early 2022 as views on current and future conditions improved. The Conference Board’s index rose to 109.7 this month from 102.5 in May, data out Tuesday showed, exceeding all estimates in a Bloomberg survey of...

US Consumer Confidence Rises for First Time in Four Months

US consumer confidence rose for the first time in four months in November, aided by more optimistic views about the economic outlook. The Conference Board’s index rose to 102 this month from a downwardly-revised 99.1 in October, data out Tuesday showed. The median estimate in a...

US Consumer Confidence Falls to Three-Month Low on Present Views

US consumer confidence fell in October by more than expected to a three-month low as widespread inflation and growing concerns about the economic outlook weighed on Americans. The Conference Board’s index decreased to 102.5 from a 107.8 reading in September, data out Tuesday showed. The...

US Consumer Confidence Falls By More Than Forecast in August

US consumer confidence fell by more than forecast in August as an uncertain economic outlook and lingering inflation curbed optimism. The Conference Board’s index fell to 106.1 this month from 114 in July, data out Tuesday showed. The median forecast in a Bloomberg survey of economists...

US Consumer Confidence Dips to Lowest Since July as Outlook Dims

US consumer confidence dropped this month to the lowest since July on more pessimistic views about the economic outlook. The Conference Board’s index decreased in April to 101.3 from 104 in March, data out Tuesday showed. The median forecast in a Bloomberg survey of economists called...