Home Prices in 20 US Cities Climbed Less Than Expected in May
Home prices in 20 U.S. cities rose less than projected in May from a year earlier, signaling both buyers and sellers had the potential to benefit during the busy selling season, according to S&P CoreLogic Case-Shiller data reported July 26.
Consumer Prices Increased in June as Fuel, Rents Climbed
The cost of living in the U.S. rose in June, propelled by a rebound in fuel prices and sustained gains in rents that are driving inflation closer to the Federal Reserve’s goal.
Trade Deficit Widened in May by Most in Nearly a Year
The U.S. trade deficit widened in May by the most in nearly a year as exports fell and a pickup in domestic demand led to more imports of consumer goods and industrial materials.
Jobless Claims Increased by 10,000 Last Week to 268,000
The number of Americans who applied for unemployment benefits during the week ended June 25 rose to a level that’s still consistent with steady improvement in the labor market.
First Quarter US Economic Growth Exceeds Previous Estimate
The world’s largest economy expanded more than previously projected in the first quarter as improved performance in trade and business investment more than made up for weaker consumer spending.
Cost of Living, Excluding Food and Fuel, Rises in May
The cost of living in the U.S., excluding food and fuel, rose in May, propelled by rising rents.
Rising Fuel Pushes Up Producer Prices for Second Month
The rebound in fuel costs pushed up U.S. wholesale prices in May for a second month, overshadowing a drop in pricing power more broadly that signals inflation will take time to move toward the Federal Reserve’s goal.
Jobless Claims Fall to Nearly a 16-Year Low
First-time jobless claims unexpectedly fell last week and the number of Americans already receiving benefits tumbled to an almost 16-year low, consistent with a healthy labor market.
In May, US Employers Added Fewest Workers in Almost Six Years
Employers in May added the fewest number of workers in almost six years, reflecting broad cutbacks that may raise concern about U.S. growth and prompt Federal Reserve policymakers to put off an increase in interest rates.
Factory Output Increases for First Time in Three Months
U.S. manufacturing production rose in April for the first time in three months, indicating a respite for the industry after a one-year slump, a Federal Reserve report showed May 17.