Initial jobless claims inched up by only 2,000 last week to 204,000, remaining below the pre-pandemic average, while pending home sales plunged by 7.1%.
Business orders for equipment rebounded in August after falling for two straight months, an encouraging sign for American businesses.
The mixed signals from Thursday's data on initial jobless claims and existing home sales added to an economic picture that resembles a soft landing.
Health care organizations have significant financial incentives to capitalize on the tax credits available from the IRA when investing in clean energy assets.
While we expect the Federal Reserve to hold rates unchanged on Wednesday, what its updated Summary of Economic Projections will look like remains less clear.
Housing starts in the United States fell by a sharp 11.3% in August, the second double-digit drop in three months.
Retail sales and producer inflation came in significantly higher than expected, while initial jobless claims were lower than the market consensus.
Consumer inflation in August posted the biggest monthly increase in more than a year, driven mostly by the surge in oil and energy prices.
We expect the Fed to hold its policy rate steady at 5.25% to 5.5% at its meeting next week and would advise the Fed to begin shaping expectations about a likely...
Initial jobless claims dropped to 216,000 last week, the fewest since February, according to data from the Bureau of Labor Statistics.
The service sector grew faster in August on the heels of a surge in summer spending, the Institute for Supply Management reported on Wednesday.
American consumers remained in the position of strength when it came to spending and income growth this summer as inflation stabilized further and the labor market stayed resilient.
If July's retail sales are any indication, this year's holiday sales will be largely focused on individual product categories and consumer spending by income level.
July sales were much lower than expected, dropping by 2.2% on the month compared to a forecasted decline of only 0.2% earlier.
Inflation stabilized further in July as the consumer price index data met expectations, the Bureau of Labor Statistics reported on Thursday.
New orders for core capital goods, a proxy for business investment, came in higher than forecast in June, rising by 0.2%, the Commerce Department reported on Thursday.