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Philly Fed Index Indicates Slower Contraction In December
(RTTNews) - Philadelphia-area manufacturing activity contracted at a slower rate in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.
The Philly Fed said its diffusion index for current activity rose to a negative 13.8 in December from a negative 19.4 in November, although a negative reading still indicates a contraction. Economists had expected the index to climb to a negative 10.0.
Looking ahead, the Philly Fed said future indicators improved, suggesting firms expect overall growth over the next six months.
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U.S. Jobless Claims Unexpectedly Slip To 227,000
First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
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12h 16min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
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Phasing out the penny is set to involve some cost to U.S. consumers paying in cash as businesses are set to round transactions to the nearest nickel, new research from the Federal Reserve Bank of Richmond revealed on Wednesday.
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U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA
Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday. The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent, the MBA said.
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Fed Minutes Reveal Mixed Views About Outlook For Interest Rates
The Federal Reserve on Wednesday released the minutes of its June monetary policy meeting, which revealed most participants generally agree the central bank is well positioned to wait for more clarity on the outlook for inflation and the economy before adjusting interest rates.
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1 day ago
U.S. Wholesale Inventories Dip In Line With Estimates In May
A report released by the Commerce Department on Wednesday showed a modest decrease by wholesale inventories in the U.S. in the month of May. The Commerce Department said wholesale inventories fell by 0.3 percent in May after inching up by 0.1 percent in April. The pullback by inventories matched economist expectations as well as the flash estimate.
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American Households' Inflation Expectations Steady; More Optimism On Finances: NY Fed Survey
U.S. households' inflation expectations were largely unchanged in June and they were more optimistic regarding their financial situation and access to credit in the year-ahead, results of a survey by the Federal Reserve Bank of New York showed on Tuesday.
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2 days ago
U.S. Small Business Confidence Erodes Slightly In June, Taxes Main Concern - NFIB
Small business sentiment in the U.S. eased slightly in June as uncertainty remains elevated despite easing, and taxes remained a top concern for business owners, survey data from the National Federation of Independent Businesses showed on Tuesday.
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