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Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic product in 2018 to 2.1 percent from an earlier forecast of 2.5 percent. "Hopes for a big fiscal stimulus have faded, prompting us to remove most of the fiscal impulse from our forecast for growth next year," Michelle Meyer,...

NewhomeSales-062317.jpg New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.

LeadingndicatorIndex-062217.jpg Reflecting widespread improvement, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose in line with economist estimates in the month of May. The Conference Board said its leading economic index climbed by 0.3 percent.

USjoblessclaims-062217.jpg First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 241,000.

First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday.

ExistingHomeSales-062117.jpg After reporting a notable decrease in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing an unexpected rebound in existing home sales in the month of May. NAR said existing home sales climbed by 1.1 percent to an annual rate of 5.62 million.

Housingstarts-061617.jpg New residential construction in the U.S. unexpectedly showed a steep drop in the month of May, according to a report released by the Commerce Department on Friday. The report said housing starts slumped by 5.5 percent to an annual rate of 1.092 million in May.

New residential construction in the U.S. unexpectedly showed a steep drop in the month of May, according to a report released by the Commerce Department on Friday.

NAHB-Housingmarket-061517.jpg Homebuilder confidence in the U.S. unexpectedly decreased in the month of June, according to a report released by the National Association of Home Builders on Thursday. The report said the NAHB /Wells Fargo Housing Market Index dropped to 67 in June from 69 in May. The decrease surprised economists,...

IndustrialProduction-061517.jpg With a drop in manufacturing output offsetting increases in mining and utilities output, the Federal Reserve released a report on Thursday showing that U.S. industrial production was unchanged in the month of May. The Fed said industrial production was flat in May after jumping by 1.1 percent in April....

Empirestatemanufacturing-061517.jpg After reporting a contraction in regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Thursday showing a rebound in activity in the month of June. The New York Fed said its general business conditions index shot up to 19.8 in June from a...

Philadelphiafed-061517.jpg Growth in Philadelphia-area manufacturing activity slowed in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its index for current manufacturing activity in the region decreased to 27.6 in June from 38.8 in May, although...

ImportExport-061517.jpg A report released by the Labor Department on Thursday showed a bigger than expected drop in import prices in the month of May, reflecting a steep decline in prices for fuel imports. The Labor Department said its import price index fell by 0.3 percent in May after rising by 0.2 percent in April. Economists...

After reporting a contraction in regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Thursday showing a rebound in activity in the month of June.

Joblessclaims-061517.jpg The number of people filing first-time unemployment claims fell last week, according to government statistics released Thursday. The figure came in below the amount economists were expecting. The U.S. Labor Department revealed that initial jobless claims slipped to 237,000 for the week ending June 10.

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