U.S. Leading Economic Index Unexpectedly Dips 0.3% In March
(RTTNews) - The Conference Board released a report on Thursday showing an unexpected pullback by its index of leading U.S. economic indicators in the month of March.
The report said the leading economic index fell by 0.3 percent in March after rising by 0.2 percent in February. The modest advance in February marked the first increase by the leading index in two years.
Economists had expected the index to come in unchanged compared to the 0.1 percent uptick originally reported for the previous month.
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Fed Leaves Rates Unchanged Amid Lack Of Progress On Inflation
Citing a lack of further progress toward its 2 percent inflation objective in recent months, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged. Members of the Fed also reiterated they need "greater confidence" inflation is moving sustainably toward 2 percent before they consider cutting interest rates.
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13h 18min ago
U.S. Construction Spending Unexpectedly Edges Slightly Lower In March
Reflecting a decrease in spending on private construction, the Commerce Department released a report on Wednesday showing U.S. construction spending unexpectedly edged slightly lower in the month of March. The report said construction spending dipped by 0.2 percent to an annual rate of $2.084 trillion in March, while economists had expected construction spending to rise by 0.3 percent.
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16h 51min ago
U.S. Manufacturing Index Indicates Modest Contraction In April
The Institute for Supply Management released a report on Wednesday showing a modest contraction by U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI slipped to 49.2 in April from 50.3 in March, with a reading below 50 indicating contraction. Economists had expected the index to edge down to 50.0.
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16h 55min ago
U.S. Job Openings Decrease More Than Expected In March
A report released by the Labor Department on Wednesday showed job openings in the U.S. fell by more than expected in the month of March.
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17h 20min ago
U.S. Construction Spending Unexpectedly Edges Down 0.2% In March
Reflecting a decrease in spending on private construction, the Commerce Department released a report on Wednesday showing U.S. construction spending unexpectedly edged lower in the month of March.
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17h 26min ago
U.S. Manufacturing Index Dips Slightly More Than Expected In April
The Institute for Supply Management released a report on Wednesday showing a modest contraction by U.S. manufacturing activity in the month of April.
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17h 32min ago
U.S. Private Sector Employment Jumps By 192,000 Jobs In April, More Than Expected
Private sector employment in the U.S. increased by more than expected in the month of April, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment shot up by 192,000 jobs in April after jumping by an upwardly revised 208,000 jobs in March.
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17h 53min ago
U.S. Private Sector Employment Jumps More Than Expected In April
Private sector employment in the U.S. increased by more than expected in the month of April, according to a report released by payroll processor ADP on Wednesday.
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19h 19min ago
