New York Manufacturing Index Unexpectedly Edges Lower In May
(RTTNews) - The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May.
The New York Fed said its general business conditions index edged down to a negative 15.6 in May from a negative 14.3 in April, with a negative reading indicating contraction. Economists had expected the index to rise to a negative 10.0.
Looking ahead, the New York Fed said optimism about the outlook remained subdued, although firms still expect conditions to improve over the next six months.
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NY Fed Survey Shows US Consumers' 1-year Inflation Expectations Ease In May
A survey by the New York Fed showed on Monday that Americans' short-term inflation expectations eased slightly, while their view on price pressures in the longer term increased, and their expectations for the stock market hit a three-year high.
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21h 19min ago
U.S. Consumer Credit Climbs Much Less Than Expected In April
Consumer credit in the U.S. increased by much less than expected in the month of April, according to a report released by the Federal Reserve on Friday.
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The strong set of employment figures released on Friday have sent market expectations for Fed rate cuts lower as the data pointed to a strong labor market and the increase in wages could add to the stickiness of inflation. Non-farm payroll employment surged by 272,000 jobs in May, data from the Labor Department showed Friday. Economists had forecast employment growth of about 185,000 jobs.
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3 days ago
U.S. Wholesale Inventories Inch Up Slightly Less Than Expected In April
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3 days ago
U.S. Job Growth Far Exceeds Estimates In May But Unemployment Rate Ticks Higher
Employment in the U.S. shot up by far more than economists had been expecting in the month of May, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment surged by 272,000 jobs in May after climbing by a downwardly revised 165,000 jobs in April.
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4 days ago
U.S. Employment Surges Much More Than Expected In May
Employment in the U.S. shot up by far more than economists had been expecting in the month of May, according to a closely watched report released by the Labor Department on Friday.
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4 days ago
U.S. Labor Productivity, Costs Increase Less Than Previously Estimated In Q1
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5 days ago
U.S. Trade Deficit Widens To Largest Since October 2022
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5 days ago
