The data is not likely to change the Federal Reserve’s course on monetary policy, with the central bank likely to hold rates steady at its May meeting. … READ MORE >
Existing home sales exceed forecasts as prices jump
There were 4.38 million existing homes sold in February, up by 9.5% from a month ago, the National Association of Realtors reported on Thursday. … READ MORE >
Housing starts and permits beat forecasts as completions reach 17-year high
Housing starts rose by 10.7% in February, while permits increased by 1.9%, according to data released by the Commerce Department on Tuesday. … READ MORE >
Industrial production rises to highest level in three months
Overall industrial production volume rose by 0.1% on the back of robust manufacturing production, which grew by 0.8% on the month, the Federal Reserve reported on Friday. … READ MORE >
U.S. retail sales in February grew at the fastest rate since September
Once the seasonal factors in January’s data faded away, overall spending at retail stores, restaurants and online remained solid as consumers continued to benefit from a strong labor market and growing incomes. … READ MORE >
February consumer price index: Sticky yet under control
Inflation remains below wage growth as real hourly wages increased by 1.1% on the month and on a year-ago basis. … READ MORE >
Job openings inch down as economy stays on track for a soft landing
Job openings cooled in back-to-back months to 8.86 million in January with December’s figure revised down to 8.89 million from 9.03 million previously, according to the Bureau of Labor Statistics. … READ MORE >
Service sector continues to grow in February
The service sector continued to grow in February for the 14th straight month, according to the Institute for Supply Management on Tuesday. … READ MORE >
Softer economic data helps ease inflation concerns
The softer data in manufacturing activities, construction spending and consumer sentiment at the beginning of the year should alleviate concerns regarding the rebound in inflation. … READ MORE >
January inflation and spending data implies more noise than trend
The Federal Reserve’s closely watched measure of inflation, the personal consumption expenditures index, continued to show strength in January, rising by 0.3% on the month and by 2.4% from a year ago. … READ MORE >