New home construction fell in June for a second month as a drop in apartment building outweighed a pickup in single-family projects.
Author: Reade Pickert
Core Consumer Inflation Tops Projections in Broad Gain
A key measure of U.S. consumer prices rose more than forecast in June, potentially complicating the Federal Reserve’s assessment of inflation as policy makers weigh an interest-rate cut as soon as this month.
First-Quarter Consumer Spending Revised Down to 0.9% Gain
U.S. consumer spending in the first quarter was even weaker than previously reported on lower outlays for services while business investment was revised higher, leaving the pace of economic growth at a still-solid 3.1%.
Jobless Claims Increase to Highest Level in Seven Weeks
Filings for U.S. unemployment benefits increased by more than expected to a seven-week high, a possible sign of strains in the labor market that could factor into the Federal Reserve’s debate over whether to cut interest rates next month.
Business-Equipment Orders Post Best Gain in Four Months
Orders with U.S. factories for business equipment rebounded in May with the largest increase in four months, signaling corporate investment is holding up despite tensions with major trading partners fueling uncertainty about the outlook.
Housing Starts Stabilize as Building Permits Edge Up
New-home construction fell in May after an April reading that was stronger than initially reported, signaling stabilization in the market amid lower borrowing costs.
Housing Starts Stabilize as Building Permits Edge Up
New-home construction fell in May after an April reading that was stronger than initially reported, signaling stabilization in the market amid lower borrowing costs.
Jobless Claims Rise to Five-Week High, Exceed Forecast
Filings for U.S. unemployment benefits unexpectedly increased, rising to a five-week high and adding to signs of potential cooling in the labor market.
Underlying US Producer Prices Rise at Slowest Pace in Year
A measure of underlying U.S. producer prices rose at the slowest pace in more than a year, signaling inflation pressures remain muted and potentially reinforcing calls for the Federal Reserve to cut interest rates.
Companies Add Fewest Jobs Since 2010, ADP Data Show
Companies in May added the fewest U.S. workers in any month since 2010, suggesting a potential pullback in the labor market amid weakness in some parts of the economy.