Lucia's Feed
Mar 5, 2015

Soft U.S. data hints at near-term hiccup in economic growth

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment aid last week rose to its highest level since May, but economists dismissed the increase as weather-related and said the jobs market remained solid.

They were also little perturbed by other data on Thursday that showed factory orders fell in January for a sixth straight month and fourth-quarter productivity declined by more than initially thought.

Mar 3, 2015

Weak U.S. consumer spending points to slower first-quarter growth

WASHINGTON (Reuters) – U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. 

Other data on Monday showed factory activity slowed in February and construction spending declined sharply in January, adding to signs that economic growth moderated early in the first quarter.

Mar 2, 2015

U.S. consumer spending falls, inflation pressures muted

WASHINGTON (Reuters) – U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. 

Other data on Monday showed factory activity slowed sharply in February, with manufacturers saying a labor dispute at the country’s West Coast ports had caused supply chain disruptions.

Feb 27, 2015

U.S. economy slows in fourth quarter, but growth outlook still favorable

WASHINGTON (Reuters) – U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a slow pace of stock accumulation by businesses and a wider trade deficit, but the underlying fundamentals remained solid.

Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month, the Commerce Department said on Friday. The economy grew at a 5 percent rate in the third quarter.

Feb 27, 2015

U.S. economy slows in Q4, but growth outlook still favorable

WASHINGTON, Feb 27 (Reuters) – U.S. economic growth braked
more sharply than initially thought in the fourth quarter amid a
slow pace of stock accumulation by businesses and a wider trade
deficit, but the underlying fundamentals remained solid.

Gross domestic product expanded at a 2.2 percent annual
pace, revised down from the 2.6 percent pace estimated last
month, the Commerce Department said on Friday. The economy grew
at a 5 percent rate in the third quarter.

Feb 26, 2015

Lower gasoline prices dampen U.S. consumer inflation

WASHINGTON (Reuters) – U.S. consumer prices in January posted their biggest drop since 2008 as gasoline prices continued to tumble and underlying inflation rose modestly, which could allow a cautious Federal Reserve more room to hold off on raising interest rates.

Other data on Thursday showed a rebound in business investment spending plans, but probably not enough to change expectations of moderate economic growth in the first quarter.

Feb 25, 2015

U.S. new home sales near multi-year highs; supply rises

WASHINGTON (Reuters) – New U.S. single-family home sales fell less than expected in January and supply rose to its highest level since 2010, hopeful signs for a sluggish housing market.

The Commerce Department said on Wednesday that sales dipped 0.2 percent to a seasonally adjusted annual rate of 481,000 units. December’s sales pace was revised up to 482,000 units, the highest level since June 2008, from 481,000 units.

Feb 24, 2015

Strong jobs market to spur U.S. housing in 2015: Reuters poll

WASHINGTON (Reuters) – U.S. housing is set to gain steam this year as a strengthening jobs market offsets the drag from an expected increase in mortgage rates, a Reuters poll showed on Tuesday.

Housing activity has been sluggish since hitting a speed bump in the second half of 2013, with sales constrained by tight inventories and higher prices sidelining first-time buyers.

Feb 23, 2015

U.S. existing home sales at nine-month low, supply limited

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 percent to an annual rate of 4.82 million units, the lowest level since April last year.

Feb 19, 2015

U.S. jobless claims fall as labor market gains momentum

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering fresh evidence that the labor market was gathering steam.

Initial claims for state unemployment benefits dropped 21,000 to a seasonally adjusted 283,000 for the week ended Feb. 14, the Labor Department said on Thursday.