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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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U.S. Wholesale Inventories Climb Much More Than Expected In September
Wholesale inventories in the U.S. increased by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories climbed by 0.5 percent in September after edging down by a revised 0.1 percent in August. Economists had expected wholesale inventories to inch up by 0.1 percent.
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6h 24min ago
U.S. Trade Deficit Unexpectedly Narrows In September As Exports Surge
Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September. The Commerce Department said the trade deficit shrank to $52.8 billion in September from a revised $59.3 billion in August. Economists had expected the trade deficit to widen to $63.3 billion.
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6h 49min ago
U.S. Jobless Claims Rebound More Than Expected To 236,000
First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 236,000, an increase of 44,000 from the previous week's revised level of 192,000. Economists had expected jobless claims to climb to 220,000.
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7h 12min ago
U.S. Trade Deficit Unexpectedly Narrows In September
Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September.
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8h 23min ago
U.S. Weekly Jobless Claims Rebound More Than Expected
First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday.
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8h 27min ago
Fed Cuts Rates For Third Straight Meeting But Signals Differing Views About Outlook
The Federal Reserve on Wednesday announced its widely expected decision to cut interest rates by another quarter point, matching the rate cuts seen in September and October. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.50 to 3.75 percent.
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1 day ago
U.S. Leading Economic Index Falls 0.3% In September
A report released by the Conference Board on Tuesday showed a continued decrease by its reading on leading U.S. economic indicators in the month of September. The Conference Board said its leading economic index fell by 0.3 percent in September, matching an upwardly revised dip in August.
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2 days ago
U.S. Job Openings Edge Slightly Higher In October
Job openings in the U.S. edged slightly higher in the month of October, according to a report released by the Labor Department on Tuesday.
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2 days ago
