The Commerce Department released a report on Friday showing a sharp increase in U.S. new home sales in the month of January.
The report said new home sales spiked by 7.2 percent to an annual rate of 670,000 in January after soaring by 7.2 percent to a revised rate of 625,000 in December.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.