Lucia's Feed
Nov 26, 2014

U.S. consumer, business spending data point to slowing growth

WASHINGTON (Reuters) – U.S. consumer spending rose modestly in October and a key measure of business spending plans on equipment fell for a second straight month, suggesting some slowing in the pace of economic growth.

Other data on Wednesday showed initial claims for jobless benefits broke above 300,000 last week for the first time since September.

Nov 26, 2014

U.S. economy resilient in third quarter as global growth cools

WASHINGTON (Reuters) – The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand.

The Commerce Department on Tuesday raised its estimate of GDP growth to a 3.9 percent annual pace from the 3.5 percent rate reported last month, reflecting upward revisions to business and consumer spending, as well as to inventories.

Nov 25, 2014

U.S. housing seen steady in early 2015; price gains slower – Reuters Poll

WASHINGTON (Reuters) – U.S. home sales will grow moderately in early 2015 before picking up the pace as a sharp slowdown in price rises and a strengthening labour market draw in potential buyers, economists in a Reuters poll predicted.

Housing activity is gradually regaining ground after stalling in the second half of 2013 following a run-up in mortgage rates. But sales remain constrained by very slow household formation.

Nov 25, 2014

Reuters poll: U.S. housing seen steady in early 2015; price gains slower

WASHINGTON (Reuters) – U.S. home sales will grow moderately in early 2015 before picking up the pace as a sharp slowdown in price rises and a strengthening labor market draw in potential buyers, economists in a Reuters poll predicted.

Housing activity is gradually regaining ground after stalling in the second half of 2013 following a run-up in mortgage rates. But sales remain constrained by very slow household formation.

Nov 25, 2014

U.S. third-quarter growth revised higher on consumer, business spending

WASHINGTON (Reuters) – U.S. economic growth was far stronger than initially thought in the third quarter, pointing to strengthening fundamentals that should support the economy for the rest of the year.

The Commerce Department on Tuesday raised its estimate of gross domestic product to a 3.9 percent annual pace from the 3.5 percent rate reported last month, reflecting upward revisions to business and consumer spending, as well as restocking.

Nov 20, 2014

U.S. underlying inflation rising; labor market strengthening

WASHINGTON (Reuters) – Underlying inflation pressures pushed higher in October, even as falling gasoline prices kept overall U.S. consumer prices in check.

The Labor Department said on Thursday its so-called core Consumer Price Index, which excludes food and energy, rose 0.2 percent, the largest increase in five months, after nudging up 0.1 percent in September.

Nov 19, 2014

U.S. starts, permits data point to improving housing market

WASHINGTON (Reuters) – Starts for U.S. single-family homes rose for a second straight month in October and overall building permits approached a 6-1/2-year high, suggesting the housing market was still on a recovery path.

The Commerce Department said on Wednesday groundbreaking for single-family homes, which account for more than two-thirds of the housing market, increased 4.2 percent to a seasonally adjusted annual 696,000 unit pace, the highest since last November.

Nov 18, 2014

U.S. producer inflation up, but underlying trend muted

WASHINGTON (Reuters) – U.S. producer prices unexpectedly rose in October, but the underlying trend continued to point to a benign inflation environment that could bolster the Federal Reserve’s resolve to keep interest rates very low a bit longer.

The Labor Department said on Tuesday its producer price index increased 0.2 percent, driven by a jump in prices for services, after slipping 0.1 percent in September.

Nov 17, 2014

U.S. manufacturing expands, but may be losing speed

WASHINGTON (Reuters) – U.S. manufacturing output rose modestly in October as motor vehicle production fell for a third straight month, suggesting some slowing in economic growth at the start of the fourth quarter.

But growth remains relatively sturdy, with other data on Monday showing a rebound in factory activity in New York State this month.

Nov 7, 2014

U.S. payrolls rise, unemployment rate falls to 5.8 percent

WASHINGTON (Reuters) – U.S. job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 percent, underscoring the economy’s resilience in the face of slowing global demand.

Despite the strengthening labour market picture, wage growth remained tepid, suggesting the Federal Reserve would be in no hurry to start lifting interest rates.