Lucia's Feed
Oct 23, 2014

U.S. jobless claims data point to firming labor market

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.

Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 283,000 for the week ended Oct. 18, the Labor Department said on Thursday.

Oct 22, 2014

U.S. inflation muted in September as energy costs drop

WASHINGTON (Reuters) – U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices.

Oct 22, 2014

U.S. consumer prices rise on shelter costs, but inflation muted

WASHINGTON (Reuters) – U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a broad decline in energy prices.

Oct 21, 2014

U.S. existing home sales hit one-year high, prices up

WASHINGTON, Oct 21 (Reuters) – U.S. home resales jumped to
their highest level in a year in September, the latest
indication that the housing market recovery is gradually getting
back on track.

The National Association of Realtors said on Tuesday
existing home sales rose 2.4 percent to an annual rate of 5.17
million units, the strongest reading since September of last
year.

Sep 26, 2014

Business spending, exports spur big bounce in U.S. economy

WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.

The Commerce Department on Friday raised its estimate of growth in gross domestic product to a 4.6 percent annual rate from the 4.2 percent pace reported last month.

Sep 26, 2014

U.S. growth quickest in two and a half years on business spending, exports

WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.

The Commerce Department on Friday raised its estimate of gross domestic product to show the economy expanded at a 4.6 percent annual rate. That was in line with Wall Street’s expectations.

Sep 26, 2014

U.S. growth quickest in 2-1/2 years on business spending, exports

WASHINGTON, Sept 26 (Reuters) – The U.S. economy grew at its
fastest pace in 2-1/2 years in the second quarter with all
sectors contributing to the jump in output in a bullish signal
for the remainder of the year.

The Commerce Department on Friday raised its estimate of
gross domestic product to show the economy expanded at a 4.6
percent annual rate. That was in line with Wall Street’s
expectations.

Sep 25, 2014

U.S. business spending plans, jobs data support growth outlook

WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods in August posted their biggest drop on record after an aircraft-related boost, but a rebound in business spending plans pointed to underlying strength in the economy.

The economic outlook also got a lift from other data on Thursday showing only a marginal increase in the number of people filing new claims for unemployment benefits last week.

Sep 24, 2014

U.S. new home sales at six-year high; supply increases

WASHINGTON (Reuters) – Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course.

The Commerce Department said on Wednesday sales jumped 18.0 percent to a seasonally adjusted annual rate of 504,000 units. That was the highest level since May 2008 and marked the second straight month of gains.

Sep 23, 2014

Sturdy U.S. factory, services data bolster growth picture

WASHINGTON (Reuters) – U.S. manufacturing activity hovered at a near 4-1/2-year high in September and factory employment surged, supporting views of sturdy economic growth this quarter.

The economic picture was further brightened by other data on Tuesday showing an acceleration in factory and services industry growth in some areas of the country. Housing, however, continues to plod along, with home price gains decelerating sharply in July.