U.S. new home sales fell 10.9% in September
The steep rise in mortgage rates has been the number one reason for the fall in demand.
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U.S. housing starts continue to fall amid rate hikes
New housing starts fell by 8.1% in September as the impact of rising mortgage rates worked through the housing market.
Retail sales stay flat as inflation remains elevated
American consumer spending was unchanged in September, held back mainly by auto and gasoline sales as prices at the pump and auto dealers fell on the month.
Inflation remains hot, sticky and elevated, implying another supersized rate hike
Both top-line and core inflation remain hot, sticky and elevated, which implies another rate increase of 75 basis points at the Fed's November meeting.
Pending home sales fall to their lowest level since April 2020
Pending home sales in the United States fell by 2% in August, the third straight monthly decline amid a steep rise in mortgage rates.
Amid global economic turmoil, stress grips fixed-income markets
Fixed-income markets are signaling a shift in perceptions of financial stability and raising a caution flag for investors.
Fed raises its policy rate by 75 basis points and sees more increases
The Federal Reserve raised its policy rate by 75 basis points on Wednesday, the third straight increase of that size and a sign that it is continuing its aggressive push to tame inflation.
Industrial production falls for the first time since June
Industrial production fell by 0.2% in August, the first decline in three months, amid a slowdown in manufacturing and a sharp drop in electricity production.
Retail sales rebound on strong autos spending
The U.S. retail sales picked up slightly in August, rising by 0.3%, according to government data released on Thursday.
Producer prices ease as energy costs fall
Prices paid to domestic producers deflated for the second month in a row as energy prices continued to fall and food prices remained unchanged.
U.S. August CPI: Core inflation arrives hot even as gas prices fall
Premature calls for the Fed to pause its campaign to tame inflation should be politely dismissed given the 0.1% increase in top-line inflation in August.
Spending remains steady on strong income growth and inflation relief
personal income and spending in July signaled a gradual rebound of the economy in the third quarter after six months of declines in gross domestic product.
US July CPI: Inflation posts likely peak as commodity, gas and transportation prices fall
Commodity, oil, and gasoline prices declined noticeably in July, driving the pace of top-line inflation lower even as core inflation continued to increase at a torrid pace.
Initial jobless claims rise amid labor market slowdown
New claims for jobless benefits rose by 2.4% to 260,000 for the week ending July 30, after a brief decline in the prior week.
Labor force dynamics: 60,000 jobs per month are needed to keep the jobless rate near 4.4%
Long-run changes in the labor force have slowed its growth and are likely to result in a shortage of workers even if the economy falls into recession.
FOMC policy decision: Fed hikes policy rate by 75 basis points
At this critical juncture, with the policy rate residing in neutral terrain, it is natural for the Fed to adjust its rhetoric as it considers next steps.