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U.S. Producer Prices Rise Slightly Less Than Expected In December
(RTTNews) - Producer prices in the U.S. rose by slightly less than expected in the month of December, according to a report released by the Labor Department on Tuesday.
The Labor Department said its producer price index for final demand crept up by 0.2 percent in December after climbing by 0.4 percent in November. Economists had expected producer prices to rise by 0.3 percent.
Meanwhile, the report said the annual rate of producer price growth accelerated to 3.3 percent in December from 3.0 percent in November. The acceleration matched economist estimates.
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U.S. Leading Economic Index Falls Slightly More Than Expected In February
A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of February. The Conference Board said its leading economic index decreased by 0.3 percent in February after slipping by a revised 0.2 percent in January.
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U.S. Existing Home Sales Unexpectedly Surge 4.2% In February
After reporting a sharp pullback by U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing existing home sales unexpectedly rebounded in the month of February. NAR said existing home sales surged by 4.2 percent to an annual rate of 4.26 million in February after tumbling by 4.7 percent to a revised rate of 4.09 million in January.
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Philly Fed Index Extends Pullback But Still Indicates Growth In March
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U.S. Weekly Jobless Claims Inch Up To 223,000
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Philly Fed Index Drops Less Than Expected In March
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U.S. Weekly Jobless Claims Inch Slightly Higher
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Fed Leaves Interest Rates Unchanged, Still Sees Rate Cuts This Year
In an almost universally expected move, the Federal Reserve on Wednesday announced its decision to once again leave interest rates unchanged, but projections signaled the central bank is still likely to lower rates later this year. The Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
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U.S. Industrial Production Climbs 0.7% In February, Much More Than Expected
The Federal Reserve released a report on Tuesday showing industrial production in the U.S. increased by much more than expected in the month of January. The report said industrial production climbed by 0.7 percent in February after climbing by a downwardly revised 0.3 percent in January.
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