The data should temper the market’s concern about growth that has triggered calls for a 50 basis-point cut in the Federal Reserve’s policy rate at its meeting this week. … READ MORE >
U.S. industrial production
Retail sales and industrial production rise in May
The soft rebound in May’s retail sales was good news, suggesting that the economy might reach a soft landing sooner than expected. … READ MORE >
Soft housing and manufacturing data fuels prospect of rate cut
Economic data on housing, manufacturing and jobs released on Thursday pointed to softer-than-expected economic activity in the second quarter. … READ MORE >
Industrial production rebounds as housing starts plunge
Housing starts dropped by 14.7% to 1.32 million on an annualized rate, the lowest level since last August. … READ MORE >
Retail sales and industrial production point to a strong end of the year
Retail sales blowing past expectations while industrial production volume stayed solid, according to government data released Wednesday. … READ MORE >