Federal Reserve Chair Jerome Powell revealed on Sunday that the U.S. central bank has been served subpoenas by the Department of Justice that threaten criminal charges, raising concerns that the Trump administration is trying to undermine the institution's independence. The action against Powell is also seen as a message from the administration to whomever succeeds him to toe the line.
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved by slightly more than expected in the month of January. The University of Michigan said its consumer sentiment index rose to 54.0 in January after climbing to 52.9 in December. Economists had expected the index to inch up to 53.5.
New residential construction in the U.S. saw a steep drop in the month of October, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 4.6 percent to an annual rate of 1.246 million in October after jumping by 1.2 percent to an annual rate of 1.306 million in September.
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by less than expected in the month of December. The report said non-farm payroll employment rose by 50,000 jobs in December after climbing by a downwardly revised 56,000 jobs in November. Economists had expected employment to rise by 60,000 jobs.
New residential construction in the U.S. saw a steep drop in the month of October, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 4.6 percent to an annual rate of 1.246 million in October after jumping by 1.2 percent to an annual rate...
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by less than expected in the month of December. The report said non-farm payroll employment rose by 50,000 jobs in December after climbing by a downwardly revised 56,000 jobs in November. Economists...
The Treasury Department on Thursday revealed the details of this month's auctions of three-year and ten-year notes and thirty-year bonds. The Treasury announced plans to sell $58 billion worth of three-year notes, $39 billion worth of ten-year notes and $22 billion worth of thirty-year bonds. The...
A report released by the Commerce Department on Thursday showed wholesale inventories in the U.S. increased in line with economist estimates in the month of October. The Commerce Department said wholesale inventories rose by 0.2 percent in October after climbing by 0.5 percent in September. The uptick matched expectations.
Labor productivity in the U.S. grew by much more than expected in the third quarter of 2025, according to a report released by the Labor Department on Thursday. The Labor Department said labor productivity soared by 4.9 percent in the third quarter after spiking by an upwardly revised 4.1 in the second quarter.
The Commerce Department released a report on Thursday unexpectedly showing a significant decrease in the size of the U.S. trade deficit in the month of October. The report said the trade deficit narrowed to $29.4 billion in October from a downwardly revised $48.1 billion in September. Economists had expected the trade deficit to increase to $58.9 billion.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits edged up by slightly less than expected in the week ended January 3rd. The Labor Department said initial jobless claims crept up to 208,000, an increase of 8,000 from the previous week's revised level of 200,000. Economists had expected jobless claims to rise to 210,000.
Labor productivity in the U.S. grew by much more than expected in the third quarter of 2025, according to a report released by the Labor Department on Thursday. The Labor Department said labor productivity soared by 4.9 percent in the third quarter after spiking by an upwardly revised 4.1 in the second...
The Commerce Department released a report on Thursday unexpectedly showing a significant decrease in the size of the U.S. trade deficit in the month of October. The report said the trade deficit shrank to $29.4 billion in October from a downwardly revised $48.1 billion in September. Economists...
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits edged up by slightly less than expected in the week ended January 3rd. The Labor Department said initial jobless claims crept up to 208,000, an increase of 8,000 from the previous week's revised...
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured goods decreased by slightly more than expected in the month of October. The report said factory orders slumped by 1.3 percent in October after rising by 0.2 percent in September. Economists had expected factory orders to slide by 1.2 percent.
January 09, 2026 15:02 ET U.S. external trade data and labor market figures were in focus this week as the news flow gained momentum in the new year. In Europe, inflation data for the euro area was the highlight. The single-currency bloc expanded to 21 countries this year with Bulgaria adopting the currency on January 1. News flow in Asia was dominated by the survey data on the Chinese services industry.