The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending.
Read More US third-quarter economic growth unrevised at 2.8%
Tag: Federal Reserve
S&P 500, Dow touch over one-week highs after business activity data
The S&P 500 and the Dow touched over one-week highs after data showed a still robust economy, while small-cap stocks outperformed large-cap indexes.
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US existing home sales rebound in October
Existing home sales rebounded sharply in October as buyers rushed into the market to take advantage of a brief decline in mortgage rates.
Read More US existing home sales rebound in October
Motor vehicles, electronic goods lift US retail sales in October
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
US weekly jobless claims fall; unemployment rolls shrink
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along.
Read More US weekly jobless claims fall; unemployment rolls shrink
October CPI Report Shows Inflation Continues to Climb as Fed Fights to Keep Rates Steady
The October Consumer Price Index (CPI) report shows a 0.2% monthly rise in inflation, with a 2.6% year-over-year increase, slightly above September’s 2.4% rate.
Read More October CPI Report Shows Inflation Continues to Climb as Fed Fights to Keep Rates Steady