Tag Archives: US Economy

US retail sales fell more than expected in November, but consumer spending is still supported by a tight labour market, with the number of Americans filing for unemployment benefits decreasing by the most in five months last week. The biggest decrease in retail sales in 11 months reported by the …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) eased sharply to 10.0% in November vs. October’s 10.6%, the latest data published by Eurostat showed on Monday. The market forecast was for a 10.4% print. The core figures steadied at 5.0% YoY in November when compared to 5.0% expectations and …

Global stocks slid from two-month highs and dollar maintained its safe-haven standing and managed to steady on Wednesday after stronger-than-expected US retail sales clouded the Fed’s inflation outlook and hopes that the Fed could ease its hawkish interest rate hikes.Stocks in Europe pared overnight losses in Asia after Poland’s president …

The American Petroleum Institute said that oil inventories fell by 5.8 million barrels in the week ending on the eleventh of November. The American Institute stated in its weekly report that gasoline stocks rose by 1.7 million barrels, and distillate stocks rose by 850 thousand barrels. Today, Wednesday, the US …

Used car prices would well serve as one of the primary indicators as well as a sizable component of rising inflation. Used car prices have witnessed a sharp increase since the mid 2021s. The latest data showed earlier in the month that used car prices dropped by 2.2% in October, …

Inventories at US wholesalers rose in September, although at a slower pace compared with the previous month as demand weakens.Inventories of US merchant wholesalers increased 0.6% in September on month, easing from a upwardly revised 1.4% increase in August, the Commerce Department said Wednesday.

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) jumped by 10.7% in October vs. September’s 9.9%, the latest data published by Eurostat showed on Monday. The market forecast was for a 9.8% print. The core figures climbed to 5.0% YoY in October when compared to 4.9% expectations and 4.8% …

The Federal Reserve chairman Jerome Powell, this week, received separate letters from two Democratic lawmakers; Senator Sherrod Brown of Ohio and Senator John Hickenlooper of Colorado who called on the US central bank to slow its aggressive pace of interest rate hikes.Biden’s administration and several congressional Democrats have generally supported …

The Dow Jones Industrial Average closed higher, on Thursday, following new data showed third-quarter GDP grew faster than expected and hinted at waning inflation, encouraging investors to buy stocks linked to the health of the economy.The Dow climbed 194.17 points, or 0.6%, to end at 32,033.28 for its fifth day …

The US economy expanded at an annualized rate of 2.6% in the third quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday. This reading followed the 0.6% contraction recorded in the second quarter and came in slightly better than the market expectation for a growth of …