Tag Archives: US Economy

The Federal Reserve purchased $25.682 billion worth of mortgage-backed securities this week, compared with $29.69 billion last week, data by the Federal Reserve Bank of New York showed on Thursday.

Investors have pulled around $994 million out of stock funds in the United States last week, Reuters reported, citing data by Lipper. Money mark funds declined by $50.5 billion during the week that ended on Wednesday. Meanwhile, emerging market equity funds lost about $525 million.

Consumer spending in the United States slowed last month, according to data released on Wednesday. The value of overall sales increased 0.6%. Retail sales, excluding automobiles, gasoline, building materials, and food services, decreased by 0.1% in August, after rising by 0.9% in July, as per the reading revised from a …

Homebuilder confidence in the United States increased to a record high in September, data showed on Wednesday. The NAHB/Wells Fargo Housing Market Index (HMI) went up by five points to a record high of 83 in September. This comes amid historically low mortgage rates due to the COVID-19 pandemic.

Business inventories in the United States rose in July, for the first time in 2020, data showed on Wednesday. Business inventories increased by 0.1% in July, after decreasing by 1.1% in June, according to the US Department of Commerce. Retail inventories grew by 1.2%, while wholesale inventories fell by 0.3%.

The median household income in the United States increased by 6.8% in 2019, for the second consecutive year, with the number of people in poverty decreasing, data by the US Census Bureau’s annual report showed on Tuesday. The median household income for last year stood at $68,703 compared with $64,324 …

The United States Secretary of Treasury, Steven Mnuchin, said on Monday that he will continue to work to reach a deal with Congress for a new economic stimulus package. Speaker of the House, Nancy Pelosi, recently expressed hopes for a new deal to help the economy cope with the complications …

The United States economy is recovering at a pace that is faster than initially expected, a recent survey by The Wall Street Journal suggested. Participating economists and market experts are expecting the US gross domestic product (GDP) will achieve a growth rate of 23.9% during the third quarter (Q3) of …

The United States federal government’s budget deficit exceeded $3 trillion during the first 11 months of fiscal year 2020. Deficit in August amounted to $200 billion, Reuters reported. Year-to-date, the deficit reached $3.007 trillion nearly triple that of the same period last year.

Wholesale inventories in the United States amounted to $632.3 billion in July, declining by 0.3% compared with its level in June and by 5.6% compared with its level in July 2019, according to seasonally adjusted data by the US Department of Commerce’s Census Bureau. In July 2020, the wholesale inventories …