Friday’s data on spending and income, together with recent data on gross domestic product, have pointed to a booming economy that should push back any speculation for an imminent recession. … READ MORE >
Existing home sales fall to the lowest level since 2010
Demand for existing homes has plunged in six out of seven months since February, falling to 3.96 million in September. … READ MORE >
Housing starts and permits remain a drag on third-quarter growth
Housing starts rose 7.0% in September due to a rebound in multifamily homes, partly offsetting the sharp drop in August. Still, new residential starts remained a drag on growth in the third quarter amid higher mortgage rates, falling 4.2% on a quarterly basis. … READ MORE >
Retail sales top forecasts as American consumers stay resilient
Total sales rose by 0.7% on the month, following an upward revision to 0.8% for August, the Commerce Department reported on Tuesday. … READ MORE >
Consumer sentiment hits 5-month low amid elevated inflation expectations
Consumer sentiment this month dropped to the lowest since May. The decline stems from the rebound in inflation and weakened expectations due to a looming government shutdown. … READ MORE >
Producer inflation rose more than forecast in September
Overall prices for final demand rose by 0.5% on the month while energy prices increased by 3.3%, the Bureau of Labor Statistics reported on Wednesday. … READ MORE >
Excess savings are critical to the economic expansion’s duration
According to our analysis of revised BEA data, consumers are on a strong footing, with between $400 billion and $1.3 trillion in excess savings that they can draw upon as the economy moves back toward price stability. … READ MORE >
Initial jobless claims tick up in a still-tight labor market
New filings rose 2,000 to 207,000 for the week ending Sept. 30, lower than the median forecasts of 210,000. … READ MORE >
Service sector extends growth in September
The overall service index eased to 53.6 from 54.5 in August, above the 49.9 threshold that indicates expansion. … READ MORE >
Job openings surge unexpectedly in August
Job openings defied expectations in August, rising to 9.6 million, mostly from a sharp increase of 409,000 in professional and business services. … READ MORE >









