Top-of-mind economic news as we start the week: — The U.S. credit rating was downgraded by Fitch Ratings to AA+ citing political instability; of the three major rating f
Top-of-mind economic news as we start the week: — U.S. GDP grew at a 2.4% annualized pace in the 2nd quarter of 2023, indicating strength despite inflation and higher in
Top-of-mind economic news as we start the week: — U.S retail sales rose just 0.2% in May (not adjusted for inflation), less than expected and a sign that consumers have
Top-of-mind economic news as we start the week: — June U.S. inflation hit the lowest levels in two years: 3% for consumer prices (CPI) and 2.1% wholesale (PPI); consumer
Top-of-mind economic news as we start the week: — Differing jobs reports for June: Payroll processing firm ADP said 497,000 private sector jobs were added vs. 209,000 fo
Top-of-mind economic headlines as we start the week: — Sales of newly constructed U.S. homes surged 20% in May from a year ago, while the median price fell to $416,000 i
Top-of-mind economic news as we start the week: — U.S. new home construction rose 22% in May from April, the fastest pace in over a year, as low level of supply offset
Top-of-mind economic news as we start the week: — The Federal Reserve took no action on interest rates at its June 2023 meeting, after raising its key interest rate 10
Top-of-mind economic headlines as we start the week: — U.S. claims for unemployment unexpectedly jumped to 261,000 for the week ended June 3, the highest level since Oct