U.S. Leading Economic Index Drops More Than Expected In October

RTTNews | Pred 618 dňami
U.S. Leading Economic Index Drops More Than Expected In October

(RTTNews) - The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators fell by more than expected in the month of October.

The report said the leading economic index slid by 0.8 percent in October after falling by 0.7 percent in September. Economists had expected the index to decrease by 0.6 percent.

The bigger than expected drop by the index reflected deteriorating consumers' expectations for business conditions, lower ISM Index of New Orders, falling equities, and tighter credit conditions.

"After a pause in September, the LEI resumed signaling recession in the near term," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.

"The Conference Board expects elevated inflation, high interest rates, and contracting consumer spending—due to depleting pandemic saving and mandatory student loan repayments—to tip the U.S. economy into a very short recession," she added.

The Conference Board said its Coincident Economic Index was unchanged in October, while the Lagging Economic Index inched up by 0.1 percent.

read more
Fed Leaves Interest Rates Unchanged In Divided Decision

Fed Leaves Interest Rates Unchanged In Divided Decision

The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged for the fifth consecutive meeting. In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
RTTNews | Pred 8 h 42 min
U.S. Pending Home Sales Unexpectedly Decrease In June

U.S. Pending Home Sales Unexpectedly Decrease In June

Pending home sales in the U.S. unexpectedly decreased in the month of June, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index slid by 0.8 percent to 72.0 in June after jumping by 1.8 percent to 72.6 in May. Economists had expected pending home sales to rise by 0.2 percent.
RTTNews | Pred 12 h 8 min
U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

The Commerce Department released a report on Wednesday showing the U.S. economy rebounded by more than expected in the second quarter of 2025. The report said real gross domestic product surged by 3.0 percent in the second quarter after falling by 0.5 percent in the first quarter. Economists had expected GDP to jump by 2.5 percent.
RTTNews | Pred 13 h 2 min
U.S. Private Sector Job Growth Exceeds Estimates In July

U.S. Private Sector Job Growth Exceeds Estimates In July

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of July. The report said private sector employment jumped by 104,000 jobs in July after slipping by a revised 23,000 jobs in June.
RTTNews | Pred 13 h 17 min
U.S. Consumer Confidence Modestly Improves In July

U.S. Consumer Confidence Modestly Improves In July

Consumer confidence in the U.S. saw a modest improvement in the month of July, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index rose to 97.2 in July after falling to a revised 95.2 in June.
RTTNews | Pred 1 dňom