US Economic News

The Federal Reserve released the minutes of its early November monetary policy meeting on Wednesday, providing further evidence the central bank is considering slowing the pace of its interest rate hikes. The minutes said a "substantial majority" of meeting participants judged that a slowing in the pace of rate hikes would likely "soon be appropriate."

Consumer sentiment in the U.S. deteriorated less than initially estimated in the month of November, according to revised data released by the University of Michigan on Wednesday.

After reporting a sharp pullback in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales unexpectedly rebounded in the month of October.

The Labor Department released a report on Wednesday showing first-time claims for U.S. unemployment benefits increased by more than expected in the week ended November 19th. The report said initial jobless claims rose to 240,000, an increase of 17,000 from the previous week's revised level of 223,000.

New orders for U.S. manufactured durable goods jumped by much more than expected in the month of October, according to a report released by the Commerce Department on Wednesday. The report said durable goods orders shot up by 1.0 percent in October after rising by a downwardly revised 0.3 percent in September.

The Labor Department released a report on Wednesday showing first-time claims for U.S. unemployment benefits increased by more than expected in the week ended November 19th.

New orders for U.S. manufactured durable goods jumped by much more than expected in the month of October, according to a report released by the Commerce Department on Wednesday.

The global economy faces significant challenges as severe energy crisis pushed up inflation and lowered economic growth all around the globe, necessitating policy actions to combat inflation and targeted fiscal support to vulnerable section, the Organisation for Economic Co-operation and Development said in its Economic Outlook released Tuesday.

A report released by the Conference Board on Friday showed a much bigger than expected decrease by its reading on leading U.S. economic indicators in the month of October. The Conference Board said its leading economic index slumped by 0.8 percent in October after falling by a revised 0.5 percent in September.

Existing home sales in the U.S. saw a substantial decrease in the month of October, according to a report released by the National Association of Realtors on Friday. NAR said existing home sales plummeted by 5.9 percent to an annual rate of 4.43 million in October after slumping by 1.5 percent to a rate of 4.71 million in September.

A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of November. The Philly Fed said its diffusion index for current activity tumbled to a negative 19.4 in November from a negative 8.7 in October.

New residential construction in the U.S. showed a notable decrease in the month of October, the Commerce Department revealed in a report released on Thursday. The report said housing starts tumbled by 4.2 percent to an annual rate of 1.425 million in October after falling by 1.3 percent to an upwardly revised rate of 1.488 million in September.

First-time claims for U.S. unemployment benefits edged slightly lower in the week ended November 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 222,000, a decrease of 4,000 from the previous week's revised level of 226,000.

A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of November.

First-time claims for U.S. unemployment benefits edged slightly lower in the week ended November 12th, according to a report released by the Labor Department on Thursday.