WASHINGTON, Jan 27 (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 weigh on the economy.
Other data on Tuesday, however, suggested the economy
remained on solid footing. Consumer confidence vaulted to a near
7-1/2 high in January and new home sales in December hit their
highest level since June 2008.
WASHINGTON (Reuters) – A significant number of American companies plan to raise wages in the next three months, a survey showed on Monday, bolstering expectations of an acceleration in wage growth this year.
The National Association for Business Economics’ (NABE) latest quarterly business conditions survey found 51 percent of the 93 economists who participated said their firms expected to increase wages in the first quarter.
WASHINGTON (Reuters) – Groundbreaking for U.S. single-family homes rose in December to the highest level in more than 6-1/2 years and permits surged, in a hopeful sign for the sluggish housing market recovery.
The Commerce Department said on Wednesday single-family housing starts, the largest part of the market, jumped 7.2 percent to a seasonally adjusted annual pace of 728,000-units – the highest level since March 2008.
WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest decline in six years in December and a gauge of underlying inflation held steady, 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, the largest drop since December 2008, after sliding 0.3 percent in November. In the 12 months through December, CPI increased 0.8 percent.
WASHINGTON (Reuters) – The Federal Reserve will raise U.S. interest rates in the second quarter as a strengthening economy trumps concerns about low inflation that has been driven down even further by a collapse in world oil prices, according to a Reuters poll.
Nearly two-thirds of the 82 economists in the poll, published on Thursday, said the U.S. central bank would increase its short-term interest rate to at least 0.25 percent by mid-2015. Most expected this to happen at the Fed’s June policy meeting rather than April.
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.
Other data on Thursday showed the number of Americans filing claims for unemployment benefits increased to a four-month high last week. That, however, probably does not alter the improving jobs market landscape as the data is difficult to adjust for seasonal variations around this time of the year.
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 month after a 0.4 percent increase in November.
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 a 14-year high in November.
WASHINGTON (Reuters) – U.S. job growth increased briskly in December, but wages unexpectedly fell in a sign the tightening labor market has yet to give much of a boost to workers.
Nonfarm payrolls increased 252,000 last month after an upwardly revised jump of 353,000 in November, the Labor Department said on Friday.
WASHINGTON (Reuters) – U.S. job growth likely remained brisk in December, setting the economy up for a stronger pace of expansion this year, even as the global economy shows signs of buckling.
Employers probably added 240,000 jobs to their payrolls last month after November’s outsized 321,000 increase, according to a Reuters survey of economists.