US manufacturing activity slowest in almost 2-1/2 years in September: ISM WASHINGTON: US manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders... Published 03 Oct, 2022 08:11pm
World Fed seen sticking with rate hikes as inflation stays hot Federal Reserve policymakers, who have driven U.S. borrowing costs up faster this year than at any time since the... Published 30 Sep, 2022 07:54pm
World Fed’s Bostic backs 75-basis-point hike in November, smaller rise in December WASHINGTON: The lack of clear progress on inflation means the Federal Reserve needs “moderately restrictive”... Published 28 Sep, 2022 08:41pm
World US goods trade deficit narrows in August as imports fall WASHINGTON: The US trade deficit in goods narrowed in August amid a decline in imports, which is being driven by... Published 28 Sep, 2022 07:33pm
Business & Finance Wells Fargo expects steeper US rate hikes to quell rampant inflation Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central... Published 27 Sep, 2022 06:46pm
World Chicago Fed national activity index unchanged in August WASHINGTON: U.S. economic activity slowed in August as production-related measures slipped and employment indicators... Published 26 Sep, 2022 07:33pm
World Fed’s Collins sees inflation fight costing jobs; recession not inevitable The Federal Reserve’s need to bring down unacceptably high inflation will cause the jobless rate to rise but a... Published 26 Sep, 2022 07:29pm
World US weekly jobless claims increase moderately WASHINGTON: The number of Americans filing new claims for unemployment benefits increased moderately last week,... Published 22 Sep, 2022 06:02pm
World US existing home sales fall less than expected in August WASHINGTON: US existing home sales dropped for the seventh straight month in August as affordability deteriorated... Published 21 Sep, 2022 07:19pm
World US mortgage interest rates reach 6.25%, highest level since October 2008 The average interest rate on the most popular US home loan climbed to its highest level since October 2008, Mortgage... Published 21 Sep, 2022 04:38pm
World Goldman Sachs cuts 2023 US GDP forecasts NEW YORK: Goldman Sachs cut its forecast for 2023 U.S. Gross Domestic Product as it projects a more aggressive... Published 17 Sep, 2022 09:21pm
World US consumer inflation expectations fall in September; sentiment rises WASHINGTON: US consumers’ near-term inflation expectations fell to a one-year low in September and the outlook over... Published 16 Sep, 2022 08:59pm
World US producer prices fall for second straight month in August WASHINGTON: US producer prices fell for second straight month in August as energy prices declined further, data... Published 14 Sep, 2022 07:05pm
World US mortgage interest rates top 6% for first time since 2008 The average interest rate on the most popular US home loan rose above 6% for the first time since 2008 and is now... Updated 14 Sep, 2022 05:30pm
World US small business sentiment rises in August: NFIB WASHINGTON: US small-business confidence improved in August as worries about inflation subsided and demand for... Published 13 Sep, 2022 05:59pm
World US consumer inflation expectations ease again, NY Fed says US consumers’ inflation expectations slid further in August as gasoline prices extended their steep decline from... Published 12 Sep, 2022 08:50pm
World On Fed rate hikes, George calls for steadiness over speed Kansas City Federal Reserve Bank President Esther George on Friday made the case for a “sustained policy response”... Published 09 Sep, 2022 09:25pm
World Fed’s Powell hopeful inflation can be tamed without pain of Volcker era WASHINGTON: The Federal Reserve is “strongly committed” to fighting inflation, but there remains hope it can be done... Published 08 Sep, 2022 08:49pm
World Fed has ‘a lot of time’ before next rate decision needs to be made, Barkin says OCEAN CITY: U.S. central bank officials have “a lot of time still” before they need to decide how large an interest... Published 19 Aug, 2022 09:18pm
World US existing home sales fall for sixth straight month; prices remain elevated WASHINGTON: US existing home sales fell to a fresh two-year low in July, further evidence that the Federal Reserve’s... Published 18 Aug, 2022 07:37pm
World US weekly jobless claims edged lower last week WASHINGTON: The number of Americans filing new claims for unemployment benefits fell moderately last week,... Published 18 Aug, 2022 06:36pm
World US business inventories increase solidly in June WASHINGTON: US business inventories increased strongly in June amid signs of a large buildup of stocks in the retail... Published 17 Aug, 2022 07:50pm
World US retail sales flat in July; core sales rise WASHINGTON: US retail sales were unchanged in July as declining gasoline prices weighed on receipts at service... Published 17 Aug, 2022 06:40pm
World US manufacturing production accelerates in July WASHINGTON: Production at US factories increased more than expected in July as output rose at motor vehicle plants... Published 16 Aug, 2022 08:32pm
World US housing starts near 1-1/2-year low; building permits fall WASHINGTON: US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage... Updated 16 Aug, 2022 09:44pm
World US import prices decline for first time in seven months US import prices posted their first decline in seven months in July, the Labor Department said on Friday, on lower... Published 12 Aug, 2022 06:43pm
World US producer prices fall in July, underlying inflation slows US producer prices unexpectedly fell in July amid a drop in the cost for energy products, and underlying producer... Published 11 Aug, 2022 06:41pm
World US weekly jobless claims rise for second straight week The number of Americans filing new claims for unemployment benefits rose for the second straight week, indicating... Published 11 Aug, 2022 06:38pm
World Fed now seen delivering 50bp hike in Sept after inflation eases The Federal Reserve is seen slowing interest rate hikes next month and ultimately raising borrowing costs less... Updated 10 Aug, 2022 09:18pm
World US consumer price growth unchanged for July US consumer prices did not rise in July due to a sharp drop in the cost of gasoline, delivering the first notable... Published 10 Aug, 2022 06:33pm