U.S. Existing Home Sales Tumble Slightly More Than Expected In March
(RTTNews) - A report released by the National Association of Realtors on Thursday showed a sharp pullback by existing home sales in the U.S. in the month March.
NAR said existing home sales plunged by 4.3 percent to an annual rate of 4.19 million in March after surging by 9.5 percent to a rate of 4.38 million in February. Economists had expected existing home sales to slump to a rate of 4.20 million.
The pullback by existing home sales partly reflected weakness in the West and South, where existing home sales plummeted by 8.2 percent and 5.9 percent, respectively.
Existing home sales in the Midwest also tumbled by 1.9 percent, while existing home sales in the Northeast surged by 4.2 percent.
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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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5h 29min 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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9h 2min 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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9h 6min 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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9h 31min 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.
RTTNews
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9h 37min 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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9h 43min 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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10h 5min 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.
RTTNews
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11h 30min ago
