New York Manufacturing Index Unexpectedly Turns Positive In September
(RTTNews) - The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing grew for the first time in nearly a year in the month of September.
The New York Fed said its general business conditions index surged to a positive 11.5 in September from a negative 4.7 in August, with a positive reading indicating growth. Economists had expected the index to inch up to a negative 3.9.
The report also said firms grew more optimistic that conditions would improve in the months ahead, as the index for future business activity climbed to 30.6 in September from 22.9 in August.
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Federal Reserve Slashes Rates By 50 Basis Points, Forecasts Continued Rate Cuts
The Federal Reserve on Wednesday announced its widely expected decision to lower interest rates for the first time in over four years, aggressively slashing rates by half a percentage point. With the Fed saying officials have gained greater confidence inflation is moving sustainably toward its 2 percent target, the central bank lowered the target range for the federal funds rate by 50 basis points.
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9h 29min ago
U.S. Housing Starts, Building Permits Rebound More Than Expected In August
A report released by the Commerce Department on Wednesday showed a substantial rebound by new residential construction in the U.S. in the month of August. The Commerce Department said housing starts spiked by 9.6 percent to an annual rate of 1.356 million in August after plunging by 3.9 percent to a revised rate of 1.237 million in July.
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14h 15min ago
U.S. Housing Starts Spike Much More Than Expected In August
A report released by the Commerce Department on Wednesday showed a substantial rebound by new residential construction in the U.S. in the month of August.
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15h 6min ago
U.S. Business Inventories Rise 0.4% In July, Slightly More Than Expected
Business inventories in the U.S. increased by slightly more than expected in the month of July, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories climbed by 0.4 percent in July rising by 0.3 percent in June. Economists had expected business inventories to increase by another 0.3 percent.
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1 day ago
U.S. Homebuilder Confidence Improves Slightly More Than Expected In September
A report released by the National Association of Home Builders on Tuesday showed homebuilder confidence in the U.S. improved by slightly more than expected in the month of September. The report said the NAHB/Wells Fargo Housing Market Index rose to 41 in September from 39 in August. Economists had expected the index to inch up to 40.
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1 day ago
U.S. Industrial Production Rebounds Much More Than Expected In August
Industrial production in the U.S. rebounded by much more than anticipated in the month of August, the Federal Reserve revealed in a report released on Tuesday. The Fed said industrial production climbed by 0.8 percent in August after slumping by a revised 0.9 percent in July. Economists had expected industrial production to rise by 0.2 percent.
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1 day ago
U.S. Retail Sales Unexpectedly Inch Higher In August
Retail sales in the U.S. unexpectedly crept higher in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales inched up by 0.1 percent in August after surging by an upwardly revised 1.1 percent in July. The uptick surprised economists, who had expected retail sales to dip by 0.2 percent.
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1 day ago
U.S. Retail Sales Unexpectedly Inch Up 0.1% In August
Retail sales in the U.S. unexpectedly crept higher in the month of August, according to a report released by the Commerce Department on Tuesday.
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1 day ago
