Job openings fell to 7.6 million from 8.2 million in November, near the pre-pandemic level and providing the Fed with more relief regarding wage pressure on inflation. … READ MORE >
Strong core business spending hints at another robust GDP report
American business spending on core equipment came in higher than forecast in December, with both orders and shipments pointing to strong growth to end the year. … READ MORE >
U.S. retail sales continued to grow in December
American consumers ended the year on a strong note, with total retail sales rising by 0.4%, … READ MORE >
Initial jobless claims fall to lowest level since April
Initial jobless claims fell unexpectedly to 211,000 for the last week of December, the Labor Department reported on Thursday. … READ MORE >
The Fed is right: Strong GDP data points to fewer rate cuts
The latest estimate of gross domestic product in the third quarter came out stronger than expected, rising by 3.1% instead of 2.8%. … READ MORE >
Housing starts fall below estimates as permits rebound
The recent levels of starts and permits do not suggest enough future supply to meet the growing demand of American households to keep home prices under control. … READ MORE >
Rising demand helps U.S. retail sales top forecasts
Retail sales topped forecasts in November, growing at a robust pace for the third month in a row. … READ MORE >
American household net worth sets record, bringing debt-to-asset ratio to 50-year low
The primary driver of this increase was rising equity prices, which added $2.8 trillion, marking the fourth consecutive quarter of significant growth. … READ MORE >
Inflation ticks up amid seasonal factors and strong growth
November marked the first month since April when overall CPI inflation grew by 0.3% monthly, or 3.7% annualized, well above the Fed’s 2% target. … READ MORE >
October job openings surge as labor market shows resilience
Total job openings in October rose to 7.74 million from 7.37 million, the Bureau of Labor Statistics reported on Tuesday. … READ MORE >