Crude oil inventories in the U.S. decreased by much more than expected in the week ended June 5th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories slumped by 7.2 million barrels last week after tumbling by 8.0 million barrels...
In a widely expected move, the Bank of Canada announced on Wednesday that it has once again decided to leave interest rates unchanged. The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of May. The Labor Department said its consumer price index rose by 0.5 percent in May after climbing by 0.6 percent in April. The price growth matched expectations.
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of May. The Labor Department said its consumer price index rose by 0.5 percent in May after climbing by 0.6 percent in April. The price growth matched expectations. The...
Kicking off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Tuesday revealed this month's auction of $58 billion worth of three-year notes attracted average demand. The three-year note auction drew a high yield of 4.192 percent and...
A report released by the National Association of Realtors on Tuesday showed existing home sales in the U.S. spiked by much more than anticipated in the month of May. NAR said existing home sales surged by 3.2 percent to an annual rate of 4.17 million in May after climbing by 0.8 percent to an upwardly revised rate of 4.04 million in April.
The Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed roughly in line with economist estimates in the month of April. The report said the trade deficit shrank to $55.9 billion in April from a revised $56.6 billion in March. Economists had expected the trade deficit to decrease to $55.8 billion from the $60.3 billion originally reported for the previous month
The Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed roughly in line with estimates in the month of April. The report said the trade deficit shrank to $55.9 billion in April from a revised $56.6 billion in March. Economists had expected the trade deficit to...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.