Pending home sales in the U.S. showed a notable pullback in the month of September after spiking in August, according to a report released by the National Association of Realtors on Thursday.NAR said its pending home sales slumped by 2.3 percent to 116.7 in September after surging 8.1 percent to 119.4 in August. Economists had expected pending home sales to come in unchanged.A pending home sale is...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.