US manufacturing activity continued to expand in July but at a slightly slower pace than in June, with declines in new orders, output and employment, the Institute for Supply Management said Tuesday. Despite the slightly slower pace of growth, there were many signs of strength in the survey, and the sector shows “no signs of … Read more
US job creation returned with a roar in June, offering a dose of welcome news to the White House and offsetting fears of a slowing economy, official figures showed Friday. Still, the robust employment report came amid persistently sluggish wage gains while the jobless rate ticked higher — with more people returning from the sidelines … Read more
The US economy grew slightly faster than originally reported in the first three months of the year, on stronger consumer spending and exports, the Commerce Department said Thursday. But even with the upward revision making GDP growth two-tenths higher than last month’s estimate, the first quarter of President Donald Trump’s administration was still was comparatively … Read more
The Federal Reserve was set to open its two-day policy meeting on Tuesday amid signs of softening inflation which eases the pressure to raise interest rates, at least for now. The central bank is not expected to move the benchmark lending rate Wednesday from the current target range of 0.75 percent to one percent. Most … Read more
The US Federal Reserve’s preferred inflation measure fell in March, and a key component dropped for the first time in nearly 16 years, the Commerce Department reported Monday. It was another sign of soft prices as several measures of inflation have retreated in recent months, removing some of the pressure on central bankers to raise … Read more