U.S. East Coast and Gulf Coast ports were reopened on Friday after dockworkers and port operators reached a wage deal to settle the industry’s biggest work stoppage in nearly half a century.
Read More US port strike ends, leaving cargo backlog
Tag: Oxford Economics
Fed likely to hold rates steady one last time as inflation fight finale unfolds
The Federal Reserve is expected to open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank’s 2% target.
Read More Fed likely to hold rates steady one last time as inflation fight finale unfolds
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
US weekly jobless claims edge higher, Q1 labor costs revised lower
The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
Read More US weekly jobless claims edge higher, Q1 labor costs revised lower
US economy grows 5.2% in third quarter; higher interest rates sapping momentum
The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned.
Read More US economy grows 5.2% in third quarter; higher interest rates sapping momentum
US weekly jobless claims fall; business spending on equipment softening
Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to worry big money managers.
Read More US weekly jobless claims fall; business spending on equipment softening