While we expect the Federal Reserve to hold rates unchanged on Wednesday, what its updated Summary of Economic Projections will look like remains less clear. … READ MORE >
Tuan Nguyen
Industrial production nears a record high as consumer sentiment falls
Industrial volume in August rose by 0.4% to the highest level in 11 months, nearing the record registered last September, as consumer sentiment In September fell to the lowest level in three months. … READ MORE >
August retail sales and producer inflation show a hot summer finish
Retail sales and producer inflation came in significantly higher than expected, while initial jobless claims were lower than the market consensus. … READ MORE >
Energy pushes inflation higher but core prices remain grounded
Consumer inflation in August posted the biggest monthly increase in more than a year, driven mostly by the surge in oil and energy prices. … READ MORE >
Service sector growth in U.S. reaches a six-month high
The service sector grew faster in August on the heels of a surge in summer spending, the Institute for Supply Management reported on Wednesday. … READ MORE >
Contraction in manufacturing eased in August
The manufacturing purchasing managers’ index rose to 47.6 in August, up from 46.4, but remained under the 48.7 that is considered neither an expansion or contraction. … READ MORE >
Job openings drop to lowest in more than two years
Job openings fell to 8.8 million in July, staying under 9 million for the first time since March 2021, according to the Bureau of Labor Statistics on Tuesday. … READ MORE >
Business investment loses momentum in July
Orders for capital goods that exclude defense and aircraft—a proxy for future business spending—rose by 0.1% on the month. That followed a downward revision in June that reduced a 0.1% gain to a 0.4% decline. … READ MORE >
New home sales remain bright spot in housing, rising on strong supply
Sales of new homes increased by 4.4% in July to 714,000, according to Commerce Department data released on Wednesday. … READ MORE >
Existing home sales fall near January low as rates surge
July sales were much lower than expected, dropping by 2.2% on the month compared to a forecasted decline of only 0.2% earlier. … READ MORE >