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Tag: Federal Reserve

A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US inflation rises moderately, consumer spending cools

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.

Read More US inflation rises moderately, consumer spending cools
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. REUTERS/Brendan McDermid/File Photo

Wall Street mixed as investors weigh GDP data after tech mauling

Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.

Read More Wall Street mixed as investors weigh GDP data after tech mauling
A "For Sale" sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey/File Photo

Record house prices depress US home sales in June

U.S. existing home sales fell more than expected in June as the median house price set another record high.

Read More Record house prices depress US home sales in June
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File photo

Wall Street extends rout, CrowdStrike slumps on global tech outage

Wall Street’s main indexes fell on Friday, while investors assessed the impact of a global cyber outage that knocked down CrowdStrike’s shares to an over two-month low.

Read More Wall Street extends rout, CrowdStrike slumps on global tech outage
NEW YORK, NEW YORK - JUNE 07: A "Now Hiring" sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. A jobs report for the month of May released by Labor Department showed that the U.S. added employers added 272,000 nonagricultural jobs and also reported that the unemployment rate rose to 4 percent for the first time in more than two years. (Photo by Michael M. Santiago/Getty Images)

Unemployment Claims Increase To Highest Level Since September 2023

A new report has revealed that the number of jobless claims has reached the highest in 10 months. 

Read More Unemployment Claims Increase To Highest Level Since September 2023
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo

Fed getting ‘closer’ to rate cuts, top officials say

Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary policy.

Read More Fed getting ‘closer’ to rate cuts, top officials say

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