U.S. Jobless Claims Fall Unexpectedly, but Labor Market Strength Remains Uncertain
The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, with initial state unemployment claims dropping by 10,000 to a seasonally adjusted 196,000 for the week ended September 12, according...
U.S. Inflation Accelerates in August, Raising Fed Rate-Hike Expectations
U.S. consumer prices accelerated in August, with the Consumer Price Index (CPI) rising 0.4% after a 0.1% increase in July, according to the Labor Department’s Bureau of Labor Statistics. Annual inflation held at 3.4%,...
U.S. Services Sector Drives Sharp August Business Activity Surge
The U.S. services sector recorded its strongest growth in nearly two years in August, driving a sharp acceleration in overall business activity and more than offsetting slower manufacturing growth. S&P Global’s flash Services PMI...
U.S. Jobless Claims Rise Moderately
U.S. initial jobless claims increased by 9,000 to a seasonally adjusted 209,000 for the week ended August 8, slightly above economists’ forecast of 202,000. The rise suggests the labor market remains relatively stable despite...
US Pending Home Sales Drop Sharply in June Amid High Mortgage Rates
Contracts to purchase previously owned homes in the United States fell far more than expected in June, highlighting continued weakness in the housing market. The National Association of Realtors’ Pending Home Sales Index dropped...
U.S. Manufacturing Growth Slows in June as Order Surge Eases
U.S. manufacturing activity moderated in June after posting its strongest performance in three years during May, as the boost from businesses rushing to place orders ahead of potential shortages and price increases linked to...
U.S. Banks Seek Further Easing of Federal Reserve Capital Rules
Major U.S. banks are making a final push for changes to the Federal Reserve’s proposed capital rule overhaul, arguing that some requirements remain overly restrictive despite significant revisions by regulators. The banking industry is...
U.S. Banks Face Fresh Scrutiny Over Alleged ‘Debanking’ Practices
Major U.S. lenders are preparing for heightened regulatory scrutiny as the Office of the Comptroller of the Currency (OCC) nears completion of a review into allegations that banks improperly closed or denied customer accounts...
U.S. Inflation Expected to Hit Three-Year High in May
The annual rate of U.S. consumer inflation is expected to accelerate to 4.2% in May, marking its highest level in three years, according to economists surveyed by Reuters. Rising energy prices, driven by tensions...
Powell Warns Against Politicizing Federal Reserve, Urges Protection of Democratic Institutions
Former U.S. Federal Reserve Chair Jerome Powell has warned against the dangers of politicizing the central bank, stressing the importance of protecting democratic institutions in the United States. Speaking while accepting the John F....