For the third consecutive meeting, the Federal Reserve on Wednesday announced its widely expected decision to leave rates unchanged, although the vote was unusually divided. The Fed said it decided to maintain the target range for the federal funds rate at 3.50 to 3.75 percent, citing its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.
After reporting an unexpected increase by U.S. crude oil inventories in the previous week, the Energy Information Administration released a report on Wednesday showing a sharp pullback by crude oil inventories in the week ended April 24th. The EIA said crude oil inventories plunged by 6.2 million...
Citing ongoing uncertainty, the Bank of Canada on Wednesday announced its widely expected to leave interest rates unchanged for the fourth consecutive meeting. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
New orders for U.S. manufactured durable goods rebounded by more than expected in the month of March, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders climbed by 0.8 percent in March after tumbling by a revised 1.2 percent in February.
A report released by the Commerce Department on Wednesday showed a sharp increase in new residential construction in the U.S. in the month of March but a steep drop in building permits. The Commerce Department said housing starts soared by 10.8 percent to an annual rate of 1.502 million in March after tumbling by 3.0 percent to a rate of 1.356 million in February.
New orders for U.S. manufactured durable goods rebounded by more than expected in the month of March, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders climbed by 0.8 percent in March after tumbling by a revised 1.2 percent in...
The Treasury Department finished off this week's series of announcements of the results of its long-term securities auctions on Tuesday, revealing this month's auction of $44 billion worth of seven-year notes attracted average demand. The seven-year note auction drew a high yield of 4.175 percent...
Despite spiking gasoline prices, the Conference Board released a report on Tuesday showing an unexpected improvement in U.S. consumer confidence in the month of April. The Conference Board said its consumer confidence index crept up to 92.8 in April from an upwardly revised 92.2 in March.
The Treasury Department announced the results of this month's auctions of $69 billion worth of two-year notes and $70 billion worth of five-year notes on Monday. The two-year note auction drew a high yield of 3.812 percent and a bid-to-cover ratio of 2.65. Last month, the Treasury also sold $69...
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by less than previously estimated in April but still hit a record low. The University of Michigan said its consumer sentiment index for April was upwardly revised to 49.8 from the preliminary reading of 47.6. Economists had expected the index to be unrevised.
The Treasury Department on Thursday announced the details of this month's auctions of two-year, five-year and seven-year notes. The Treasury revealed plans to sell $69 billion worth of two-year notes, $70 billion worth of five-year notes and $44 billion worth of seven-year notes. The results of...
First-time claims for U.S. unemployment benefits rose by slightly more than expected in the week ended April 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 214,000, an increase of 6,000 from the previous week's revised level of 208,000.
First-time claims for U.S. unemployment benefits rose by slightly more than expected in the week ended April 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 214,000, an increase of 6,000 from the previous week's revised level...
The Treasury Department announced the results of this month's auction of $13 billion worth of twenty-year bonds on Wednesday, revealing the sale attracted slightly above average demand. The twenty-year bond auction drew a high yield of 4.883 percent and a bid-to-cover ratio of 2.68. Last month,...
Crude oil inventories in the U.S. unexpectedly increased in the week ended April 17th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories climbed by 1.9 million barrels last week after slipping by 0.9 million barrels in the previous...
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.