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U.S. Retail Sales Climb Much More Than Expected In August
(RTTNews) - The Commerce Department released a report on Thursday showing U.S. retail sales increased by much more than expected in the month of August.
The report said retail sales climbed by 0.6 percent in August after rising by a downwardly revised 0.5 percent in July.
Economists had expected retail sales to inch up by 0.2 percent compared to the 0.7 percent increase originally reported for the previous month.
Excluding sales by motor vehicles and parts dealers, retail sales still rose by 0.6 percent in August following a 0.7 percent advance in July. Ex-auto sales were expected to rise by 0.4 percent.
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U.S. New Home Sales Pull Back More Than Expected In May
A report released by the Commerce Department on Wednesday showed a substantial pullback by new home sales in the U.S. in the month of May. The Commerce Department said new home sales plunged by 13.7 percent to an annual rate of 623,000 in May after spiking by 9.6 percent to a revised rate of 722,000 in April.
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Před 12 h 18 min
Powell Indicates Federal Reserve Likely To Remain On Hold
Despite intense pressure from President Donald Trump to lower interest rates, Federal Reserve Chair Jerome Powell on Tuesday indicated the central bank is likely to remain on hold. "For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance," Powell said.
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Před 1 dnem
Philly Fed Index Unexpectedly Unchanged In June
A report released by the Federal Reserve Bank of Philadelphia on Friday said regional manufacturing activity remained weak in the month of June.
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Před 5 dny
Fed Leaves Interest Rates Unchanged, Still Signals Two 2025 Rate Cuts
Despite pressure from U.S. President Donald Trump, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged.
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Před 7 dny
U.S. Housing Starts Pull Back Sharply In May
The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May. The report said housing starts plunged by 9.8 percent to an annual rate of 1.256 million in May after jumping by 2.7 percent to a revised rate of 1.392 million in April.
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Před 7 dny
U.S. Jobless Claims Pull Back Off Eight-Month High
First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims dipped to 245,000, a decrease of 5,000 from the previous week's revised level of 250,000.
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Před 7 dny
U.S. Housing Starts Plunge Much More Than Expected In May
The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May.
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Před 7 dny
U.S. Weekly Jobless Claims Edge Down In Line With Estimates
First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday.
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Před 7 dny
