US Economic News

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janetyellen-082214.jpg Federal Reserve Chair Janet Yellen on Friday warned that rate hikes could come sooner than expected if the U.S. economic recovery is sustained. "If progress in the labor market continues to be more rapid than anticipated or if inflation moves up more rapidly than anticipated, resulting in faster...

LeadingIndicatorIndex-082114.jpg Suggesting that the economy is gaining traction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in July.

PhiladelphiaFed-082114.jpg Results of a survey released by the Federal Reserve Bank of Philadelphia on Thursday showed that regional manufacturing activity unexpectedly grew at an accelerated rate in the month of August, with the index of activity in the sector reaching a three-year high.

ExistingHomeSales-082114.jpg Existing home sales in U.S. unexpectedly rose to a ten-month high in the month of July, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales climbed to a seasonally adjusted annual rate of 5.15 million in July from a downwardly revised 5.03 million in June.

Suggesting that the economy is gaining traction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in July.

Results of a survey released by the Federal Reserve Bank of Philadelphia on Thursday showed that regional manufacturing activity unexpectedly grew at an accelerated rate in the month of August, with the index of activity in the sector reaching a three-year high.

Existing home sales in U.S. unexpectedly rose to their highest annual pace of the year in the month of July, according to a report released by the National Association of Realtors on Thursday.

joblessclaims-082114.jpg Initial jobless claims in the U.S. fell by slightly more than expected in the week ended August 16th, according to a report released by the Labor Department on Thursday. The Labor Department said jobless claims dropped to 298,000, a decrease of 14,000 from the previous week's revised level of 312,000.

Initial jobless claims in the U.S. fell by slightly more than expected in the week ended August 16th, according to a report released by the Labor Department on Thursday.

federalreserve-082014.jpg The Federal Reserve debated when to hike interest rates amid signs the labor market has moved closer to normal, according to the minutes of the Fed's July policy meeting. At the meeting held July 29-30 the Federal Open Market Committee voted 9-1 to maintain its current policy of very gradually withdrawing...

CPIChart-081914.jpg Consumer prices saw only a modest increase in the month of July, according to a report released by the Labor Department on Tuesday, with higher prices for shelter and food offset by decreases in prices for energy and airline fares. The Labor Department said its consumer price index ticked up by 0.1 percent in July after rising by 0.3 percent in June.

HousingSarts-081914.jpg After reporting a notable decrease in new residential construction for the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound by U.S. housing starts in the month of July. The report said housing starts jumped 15.7 percent to an annual rate of 1.093 million in July after falling 4 percent to a revised 945,000 in June.

Consumer prices saw only a modest increase in the month of July, according to a report released by the Labor Department on Tuesday, with higher prices for shelter and food offset by decreases in prices for energy and airline fares.

After reporting a notable decrease in new residential construction for the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound by U.S. housing starts in the month of July.

NAHBindex-081814.jpg Homebuilder confidence in the U.S. unexpectedly improved for the third consecutive month in August, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to a reading of 55 in August from 53 in July.