Members of the Federal Reserve are in no rush to alter the path of interest rates, according to the minutes of the central bank's latest monetary policy meeting. The minutes showed members agreed that a patient approach to determining future adjustments to rates would likely remain appropriate for "some time."
Existing home sales in the U.S. unexpectedly showed a modest decrease in the month of April, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales dipped by 0.4 percent to an annual rate of 5.19 million in April.
The Organization for Economic Co-operation and Development lowered the 2019 global growth outlook as escalating trade disputes hurt manufacturing and investment decisions. In its latest Economic Outlook, published Tuesday, the Paris-based think tank forecast 3.2 percent growth for 2019 versus 3.3 percent estimated in March. The global growth outlook for 2020 was retained at 3.4 percent.
The Organization for Economic Co-operation and Development downgraded the global growth outlook for 2019 as trade disputes hurt manufacturing and investment decisions.
In its latest Economic Outlook, published Tuesday, the agency forecast 3.2 percent growth for 2019 instead of 3.3 percent estimated...
Reflecting a spike in consumer expectations, the University of Michigan released a report on Friday showing a substantial improvement in U.S. consumer sentiment in the month of May.
A reading on leading U.S. economic indicators rose by slightly less than expected in the month of April, according to a report released by the Conference Board on Friday.
China's top economic planning agency said on Friday that the impact from the trade tariffs imposed by the United States on Chinese exports is under control. The National Development and Reform Commission said at a press conference that measures will be taken to ensure that economic growth remains in a "reasonable range".
Growth in Philadelphia-area manufacturing activity has seen a significant acceleration in the month of May, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its diffusion index for current general activity surged up to 16.6 in May.
New residential construction in the U.S. showed a substantial increase in the month of April, according to a report released by the Commerce Department on Thursday. The Commerce Department said housing starts surged up by 5.7 percent to an annual rate of 1.235 million in April.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits dropped more than expected in the week ended May 11th. The report said initial jobless claims slid to 212,000.
Growth in Philadelphia-area manufacturing activity showed a significant acceleration in the month of May, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday.
New residential construction in the U.S. showed a substantial increase in the month of April, according to a report released by the Commerce Department on Thursday.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits dropped more than expected in the week ended May 11th.
A report released by the Commerce Department on Wednesday showed no change in U.S. business inventories in the month of March. The report said business inventories were virtually unchanged in March after rising by 0.3 percent in February.
Homebuilder confidence has improved by much more than anticipated in the month of May, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 66 in May.