Lucia's Feed
Dec 22, 2014

U.S. existing home sales hit six-month low, inventories low

WASHINGTON (Reuters) – U.S. home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery.

The National Association of Realtors said on Monday existing home sales dropped 6.1 percent to an annual rate of 4.93 million units, the lowest level since May.

Dec 18, 2014

U.S. jobless claims point to firmer labor market

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen.

Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 289,000 for the week ended Dec. 13, the Labor Department said on Thursday.

Dec 17, 2014

U.S. consumer prices fall on gasoline, eyes on Fed

WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but this probably will not change views the Federal Reserve will start raising interest rates in mid-2015.

The Labor Department said on Wednesday its Consumer Price Index fell 0.3 percent last month, the largest decline since December 2008, after being flat in October.

Dec 16, 2014

U.S. housing starts fall, but trend points to recovery

WASHINGTON, Dec 16 (Reuters) – U.S. housing starts and
permits fell in November, but remained at levels consistent with
a gradually improving housing market.

Groundbreaking declined 1.6 percent to a seasonally adjusted
annual pace of 1.028 million units, the Commerce Department said
on Tuesday. October’s starts were revised up to a pace of 1.045
million units.

Dec 15, 2014

U.S. factory production accelerates in sign of economy’s strength

WASHINGTON (Reuters) – U.S. manufacturing output recorded its largest increase in nine months in November as production expanded across the board, pointing to underlying strength in the economy.

Factory production increased 1.1 percent last month after an upwardly revised 0.4 percent advance in October, the Federal Reserve said on Monday.

Dec 11, 2014

Solid U.S. retail sales point to brisk consumer spending

WASHINGTON, Dec 11 (Reuters) – U.S. consumer spending
advanced at a brisk clip in November as lower gasoline prices
gave the holiday shopping season a boost, offering the latest
sign of underlying momentum in the economy.

The Commerce Department said on Thursday retail sales
excluding automobiles, gasoline, building materials and food
services, increased 0.6 percent last month after rising 0.5
percent in October.

Dec 10, 2014

U.S. third-quarter growth likely to be revised higher on services data

WASHINGTON (Reuters) – U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip.

The Commerce Department’s quarterly services survey, or QSS, showed services outlays increased much more vigorously than the government had assumed in its second estimate of gross domestic product published in November.

Dec 10, 2014

U.S. Q3 growth likely to be revised higher on services data

WASHINGTON, Dec 10 (Reuters) – U.S. economic growth was
likely stronger in the third quarter than previously reported,
according to data on Wednesday that showed spending on services
expanding at a brisk clip.

The Commerce Department’s quarterly services survey, or QSS,
showed services outlays increased much more vigorously than the
government had assumed in its second estimate of gross domestic
product published in November.

Dec 10, 2014

Fed seen raising U.S. rates in second-quarter despite lower energy prices: Reuters poll

WASHINGTON (Reuters) – The Federal Reserve is likely to raise U.S. interest rates in the second quarter of next year, even as falling energy prices dampen domestic inflation pressures, a Reuters survey found.

In the wake of robust job gains in November and bullish growth signs for 2015, some economists believe the U.S. central bank could signal its intention for a mid-year lift-off after a two-day policy meeting that wraps up on Wednesday.

Dec 5, 2014

Bullish U.S. employment report puts Fed under spotlight

WASHINGTON (Reuters) – U.S. employers added the largest number of workers in nearly three years in November and wages increased, a sign of strength in the economy that could draw the Federal Reserve closer to raising interest rates.

Nonfarm payrolls surged by 321,000 last month, the most since January 2012, the Labor Department said on Friday. The unemployment rate held steady at a six-year low of 5.8 percent.