U.S. Consumer Prices Climb More Than Expected In January

RTTNews | 39 days ago
Stocktwits
U.S. Consumer Prices Climb More Than Expected In January

(RTTNews) - Consumer prices in the U.S. increased by more than expected in the month of January, according to a report released by the Labor Department on Wednesday.

The Labor Department said its consumer price index advanced by 0.5 percent in January after climbing by 0.4 percent in December. Economists had expected consumer prices to rise by 0.3 percent.

The report also said the annual rate of consumer price growth accelerated to 3.0 percent in January from 2.9 percent in December, while economists had expected the pace of growth to remain unchanged.

Excluding food and energy prices, core consumer prices rose by 0.4 percent in January after inching up by 0.2 percent in December. Core prices were expected to increase by 0.3 percent.

The annual rate of core consumer price growth also ticked up to 3.3 percent in January from 3.2 percent in December. Economists had expected the pace of growth to slow to 3.1 percent.

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U.S. Leading Economic Index Falls Slightly More Than Expected In February

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.
RTTNews | 3 days ago
U.S. Existing Home Sales Unexpectedly Surge 4.2% In February

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.
RTTNews | 3 days ago
Philly Fed Index Extends Pullback But Still Indicates Growth In March

Philly Fed Index Extends Pullback But Still Indicates Growth In March

A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity expanded overall but was less widespread in the month of March. The Philly Fed said its diffusion index for current general activity slid to 12.5 in March after plunging to 18.1 in February, although a positive reading still indicates growth.
RTTNews | 3 days ago
U.S. Weekly Jobless Claims Inch Up To 223,000

U.S. Weekly Jobless Claims Inch Up To 223,000

First-time claims for U.S. unemployment benefits crept slightly higher in the week ended March 15th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 223,000, an increase of 2,000 from the previous week's revised level of 221,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 3 days ago
U.S. Weekly Jobless Claims Inch Slightly Higher

U.S. Weekly Jobless Claims Inch Slightly Higher

First-time claims for U.S. unemployment benefits crept slightly higher in the week ended March 15th, according to a report released by the Labor Department on Thursday.
RTTNews | 3 days ago
Fed Leaves Interest Rates Unchanged, Still Sees Rate Cuts This Year

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.
RTTNews | 4 days ago
U.S. Industrial Production Climbs 0.7% In February, Much More Than Expected

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.
RTTNews | 5 days ago
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