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It will be appropriate for the Federal Reserve to raise interest this summer if the economy continues to improve, Fed Chair Janet Yellen said Friday afternoon. "I think for the Fed to gradually and cautiously increase our overnight interest over time and probably in the coming months, such a move...

CONSUMER-RETAIL_27May16.jpg Consumer sentiment in the U.S. improved by less than initially estimated in the month of May, according to a report released by the University of Michigan on Friday, although the consumer sentiment index remained at an eleven-month high.

USGDP-052716.jpg While the Commerce Department released a report on Friday showing stronger than previously estimated U.S. economic growth in the first quarter, the pace of growth still reflects a significant slowdown. The report said the pace of growth in gross domestic product was upwardly revised to 0.8 percent.

While the Commerce Department released a report on Friday showing stronger than previously estimated U.S. economic growth in the first quarter, the pace of growth still reflects a significant slowdown.

The Federal Reserve is likely to raise interest rates in the near term, according to Fed. Gov. Jerome Powell. "If incoming data continue to support those expectations, I would see it as appropriate to continue to gradually raise the federal funds rate. Depending on the incoming data and the evolving...

PendingHomeSales-052616.jpg With the South and West seeing sharp increases, the National Association of Realtors released a report on Thursday showing that U.S. pending home sales jumped much more than expected in April to their highest level in a decade. NAR said its pending home sales index surged up by 5.1 percent.

Durablegoods-052616.jpg Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April. The Commerce Department said durable goods orders shot up by 3.4 percent.

joblessclaims-052616.jpg First-time claims for U.S. unemployment benefits decreased for the second straight week in the week ended May 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 268,000.

Partly reflecting a jump in orders for commercial aircraft and parts, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured goods surged up by much more than expected in April.

First-time claims for U.S. unemployment benefits decreased for the second straight week in the week ended May 21st, according to a report released by the Labor Department on Thursday.

newhomeasles-052416.jpg After reporting an unexpected decrease in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound in sales in the month of April. The Commerce Department said new home sales surged up by 16.6 percent to an annual rate of 619,000 in April.

The Federal Reserve is moving closer to "slow normalization" of interest rates, St. Louis Fed President James Bullard said in Beijing Monday. "By nearly any metric, U.S. labor markets are at or beyond full employment," Bullard said. "This may put upward pressure on inflation going forward."

existinghmessales-052016.jpg After reporting a significant rebound in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Friday showing that sales sustained the upward momentum in the month of April. NAR said existing home sales climbed 1.7 percent to an annual rate of 5.45 million in April

leadingindx-051916.jpg An index of leading U.S. economic indicators increased by more than expected in the month of April, the Conference Board revealed in a report released on Thursday. The Conference Board said its leading economic index climbed by 0.6 percent in April, while revised data showed no change in March.

philadelphiafed-051916.jpg Philadelphia-area manufacturing activity unexpectedly saw a continued contraction in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current activity edged down to a negative 1.8 in May.

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