U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much.
Read More Sharp downgrades to US unit labor costs bode well for inflation outlook
Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.
Read More Motor vehicles, electronic goods lift US retail sales in October
October 3, 2024 – 6:48 AM PDT WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose marginally…
Read More US labor market remains stable; weather, strike distortions loom
Import prices dropped by the most in eight months in August, suggesting that domestic inflation will continue to subside in the months ahead.
Read More US import prices post largest drop in eight months
U.S. consumer prices were unexpectedly unchanged in May, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September.
Read More US consumer prices unchanged in May; rate-cut expectations rise
The U.S. was boosted by strong consumer spending and business investment in nonresidential structures.
Read More US fourth-quarter growth revised higher; labor market still strong