Lucia's Feed
Sep 18, 2014

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

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration.

While other data on Thursday showed housing starts declined in August, upward revisions for groundbreaking in July offered hope that the housing market was continuing to gradually improve.

Sep 17, 2014

U.S. inflation surprisingly weak, Fed keeps low rates pledge

WASHINGTON (Reuters) – U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates.

The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs.

Sep 17, 2014

U.S. consumer prices post first decline in nearly one and a half years

WASHINGTON (Reuters) – U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, potentially reducing the urgency for the Federal Reserve to raise interest rates.

The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs.

Sep 17, 2014

U.S. consumer prices post first decline in 16 months

WASHINGTON (Reuters) – U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, potentially reducing the urgency for the Federal Reserve to raise interest rates.

The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs.

Sep 17, 2014

U.S. consumer prices post first decline in nearly 1-1/2 years

WASHINGTON, Sept 17 (Reuters) – U.S. consumer prices fell
for the first time in nearly 1-1/2 years in August and
underlying inflation pressures were muted, potentially reducing
the urgency for the Federal Reserve to raise interest rates.

The Labor Department said on Wednesday its Consumer Price
Index dropped 0.2 percent last month as a broad decline in
energy prices offset increases in food and shelter costs.

Sep 16, 2014

Weak gasoline, food prices dampen U.S. producer inflation

WASHINGTON (Reuters) – U.S. producer prices were flat in August, pointing to muted inflation pressures that should see the Federal Reserve in no hurry to raise interest rates.

The Labor Department said on Tuesday its producer price index for final demand was unchanged as gasoline and food costs fell. Producer prices had edged up 0.1 percent in July. Economists had expected a 0.1 percent increase last month.

Sep 15, 2014

Autos weigh on U.S. factory output; outlook still upbeat

WASHINGTON (Reuters) – U.S. manufacturing output fell for the first time in seven months in August, but the underlying trend remained consistent with steadily rising factory activity.

That was confirmed by other data on Monday showing factory activity in New York state jumped to its highest level in nearly five years in September.

Sep 12, 2014

U.S. retail sales increase broadly; import prices subdued

WASHINGTON (Reuters) – U.S. retail sales rose broadly in August, which should ease some concerns about consumer spending and support expectations for sturdy growth in the third quarter.

The Commerce Department said on Friday retail sales increased 0.6 percent last month as Americans bought automobiles and a range of other goods after an upwardly revised 0.3 percent gain in July.

Sep 11, 2014

U.S. second-quarter GDP seen revised higher on healthcare

WASHINGTON (Reuters) – The U.S. economy likely grew at a much faster pace in the second quarter than previously estimated, according to data on Thursday that showed a big jump in healthcare spending.

The Commerce Department’s quarterly services survey, or QSS, showed healthcare outlays increased at a much brisker clip than the government had assumed in its last estimate of gross domestic product in late August.

Sep 11, 2014

Fed to tighten policy in second-quarter next year; 55 percent probability: poll

WASHINGTON (Reuters) – The U.S. Federal Reserve will likely tighten its monetary policy in the second quarter of next year against a backdrop of stronger economic growth and building inflation pressures, a Reuters survey showed.

Economists gave a 55 percent probability of the Fed moving away from the 0-0.25 percent range and lifting its benchmark overnight lending rate in the April-June quarter of next year.