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U.S. Consumer Prices Fall; Core Capital Goods Orders Rise

8:50 AM 02/26/15 WASHINGTON (Reuters) – U.S. consumer prices in January posted their biggest drop since 2008 as gasoline prices continued to tumble, which could give a cautious Federal Reserve ammunition to keep interest rates low a bit longer. The Labor Department said its Consumer Price Index fell 0.7 percent last month, the largest decline […]

U.S. Existing Home Sales Hit Nine-Month Low, Supply Weak

10:06 AM 02/23/15 WASHINGTON (Reuters) – U.S. home resales fell sharply to their lowest level in nine months in January amid a shortage of properties on the market, a setback that could temper expectations for an acceleration in housing activity this year. The National Association of Realtors said on Monday existing home sales declined 4.9 […]

U.S. Factory Activity Edges Up In February: Markit

10:17 AM 02/20/15 (Reuters) – The U.S. manufacturing sector expanded in February at its fastest rate since November, after notching its lowest reading in a year in the prior month, an industry report showed on Friday. Financial data firm Markit said its preliminary or “flash” U.S. Manufacturing Purchasing Managers Index rose to 54.3 in February, […]

U.S. Producer Prices Post Record Drop On Tumbling Energy Costs

8:37 AM 02/18/15 WASHINGTON, (Reuters) – U.S. producer prices posted a record decline in January, weighed down by plunging energy costs, pointing to very benign inflation pressures in the near term. The Labor Department said on Wednesday its producer price index for final demand dropped 0.8 percent, the biggest drop since the revamped series started […]

U.S. January Import Prices Post Largest Drop Since 2008

9:13 AM 02/13/15 By Lucia Mutikani WASHINGTON (Reuters) – U.S. import prices recorded their biggest drop in six years in January as the cost of petroleum and a range of other goods fell, a sign that domestic inflation pressures could remain muted for a while. The Labor Department said on Friday import prices tumbled 2.8 […]

Strong Dollar Vexes Mid-Sized U.S. Exporters, Local Demand Helps

1:23 AM 02/09/15 By Nick Carey CHICAGO (Reuters) – First thing every morning Bill Hickey turns on the TV to see where the U.S. dollar is trading in the hope it has lost value against the euro and other currencies. “And there it is, staring you right in the face,” says Hickey, president of Chicago-based […]

Strong U.S. Job, Wage Gains Open Door To Mid-Year Rate Hike

8:31 AM 02/06/15 By Lucia Mutikani WASHINGTON, Feb 6 (Reuters) – U.S. job growth rose solidly in January and wages rebounded strongly, a show of underlying strength in the economy that puts a mid-year interest rate increase from the Federal Reserve back on the table. Nonfarm payrolls increased 257,000 last month, the Labor Department said […]

U.S. Trade Deficit Widens; Weekly Jobless Claims Up Modestly

9:18 AM 02/05/15 By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in December widened sharply to its highest level since 2012 as a stronger dollar appeared to suck in imports and weigh on exports, which could see the fourth-quarter economic growth estimate revised lower. The Commerce Department said on Thursday the trade deficit […]

U.S. Private Sector Adds 213,000 Workers In January: ADP

8:28 AM 02/04/15 (Reuters) – U.S. private employers added 213,000 jobs in January, falling short of the median forecasts of analysts, a payrolls processor report showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 225,000 jobs. December’s private payrolls were revised up to 253,000 from […]

U.S. Consumer Spending Weakest Since 2009, Inflation Muted

8:40 AM 02/02/15 WASHINGTON (Reuters) – U.S. consumer spending recorded its biggest decline since late 2009 in December, with households appearing to save the extra cash from cheaper gasoline, which could support future consumption. The Commerce Department said on Monday consumer spending dropped 0.3 percent after a downwardly revised 0.5 percent increase in November. It […]

U.S. Growth Cools In Fourth Quarter, But Consumer Spending Robust

8:32 AM 01/30/15 By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. Gross domestic product expanded at a 2.6 percent annual pace after the third quarter’s spectacular 5 percent rate, the […]

U.S. Pending Home Sales Drop More Than Expected In December

10:01 AM 01/29/15 By Lindsay Dunsmuir WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes fell more than expected in December as tighter inventory and an increase in house prices discouraged buyers. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, decreased 3.7 percent […]

U.S. Durable Goods Data Signal Weaker Business Spending

9:23 AM 01/27/15 WASHINGTON (Reuters) – A gauge of U.S. business investment plans fell for a fourth straight month in December, a potential sign that slowing global growth and falling crude oil prices were starting to have an impact on the economy. The Commerce Department said on Tuesday that non-defense capital goods orders excluding aircraft, […]

U.S. Factory Activity Expands At Lower Rate, New Orders Weigh

9:48 AM 01/23/15 NEW YORK, Jan 23 (Reuters) – The U.S. manufacturing sector continued to expand in January but at a slightly slower pace than the month before, matching the lowest reading in a year, an industry report showed on Friday. Financial data firm Markit said its preliminary or “flash” U.S. Manufacturing Purchasing Managers Index […]

U.S. Single-Family Starts Hit 6-1/2-Year High In December

8:37 AM 01/21/15 WASHINGTON (Reuters) – U.S. housing starts rose more than expected in December as groundbreaking for single-family homes hit its highest level in more than 6-1/2 years, in a hopeful sign for the sluggish housing market recovery. Starts increased 4.4 percent to a seasonally adjusted annual pace of 1.09 million units, the Commerce […]

Record Slowdown In China’s Economic Growth

01/20/15 4:17:47 AM The Chinese economy marked the slowest annual expansion in 24 years as the country steers more towards consumption-led growth. Jane Lanhee Lee reports. The world’s factory, China, posting its slowest annual growth in nearly a quarter of a century and it doesn’t look like it will pick up speed anytime soon. 2014 […]

U.S. Consumer Prices Post Biggest Drop In Six Years

8:36 AM 01/16/15 WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest decline in six years in December and underlying inflation pressures were benign, which could bolster the case for delaying the first interest rate increase from the Federal Reserve. The Labor Department said on Friday its Consumer Price Index fell 0.4 percent last month, […]

U.S. Producer Prices Post Biggest Drop In Three Years

8:44 AM 01/15/15 WASHINGTON (Reuters) – U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs, while underlying inflation pressures were muted, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy. The Labor Department said on Thursday its producer price […]

U.S. Retail Sales Post Largest Decline In 11 Months

9:17 AM 01/14/15 By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales recorded their largest decline in 11 months in December as demand fell almost across the board, which could temper expectations for a sharp acceleration in consumer spending in the fourth quarter. The Commerce Department said on Wednesday retail sales fell 0.9 percent last […]

U.S. Small Business Confidence At Eight-Year High; Job Openings Rise

12:52 PM 01/13/15 By Lucia Mutikani WASHINGTON (Reuters) – U.S. small business optimism jumped in December to its highest level in more than eight years, the latest sign of strength in the economy even as dark clouds settle over global growth. The outlook was further bolstered by other data on Tuesday showing job openings approached […]