Olivia Rockeman

Government, Business, Equipment

Durable Goods Orders Exceed Forecast

factory worker A worker welds a lawnmower frame together on the assembly line at a facility in Coatesville, Ind. (Luke Sharrett/Bloomberg)

Orders placed with U.S. factories for core capital goods rose by more than expected in July, pointing to sustained demand for equipment despite higher interest rates and concerns about a weakening economy.

Olivia Rockeman | Bloomberg News
August 24, 2022
Government, Business

Retail Sales Top Forecast in Boost From High Inflation

Shoppers on Powell Street in San Francisco Shoppers on Powell Street in San Francisco. (David Paul Morris/Bloomberg News)

Retail sales were stronger than expected in June, but after several economists adjusted the data for inflation, they still point to a leveling off in spending.

Olivia Rockeman | Bloomberg News
July 15, 2022
Government, Business, Logistics

US Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go Big

Inflation A shopper inside a grocery store in San Francisco. (David Paul Morris/Bloomberg News)

U.S. inflation accelerated in June by more than forecast, underscoring relentless price pressures that will keep the Federal Reserve on track for another big interest-rate hike later in July.

Olivia Rockeman | Bloomberg News
July 13, 2022
Government, Business

Trade Gap in Goods, Services Narrows to Smallest This Year

Port of Miami Cargo containers at the Port of Miami. (Wilfredo Lee/AP)

The U.S. trade deficit shrunk in May to the lowest level of the year, reflecting a pickup in exports of goods and services.

Olivia Rockeman | Bloomberg News
July 7, 2022
Government, Business, Logistics

May Retail Sales Post Drop as Auto Purchases Plunge

Shopping A pedestrian carries shopping bags in San Francisco. (David Paul Morris/Bloomberg News)

U.S. retail sales fell in May for the first time in five months, restrained by a plunge in vehicle purchases and other big-ticket items, suggesting moderating demand for goods amid decades-high inflation.

Olivia Rockeman | Bloomberg News
June 15, 2022
Government, Business

US Inflation Unexpectedly Accelerates to 40-Year High of 8.6%

Inflation A shopper enters an H&M store. (Patrick T. Fallon/Bloomberg News)

U.S. inflation hit a fresh 40-year high in May, unexpectedly accelerating in a broad advance that pressures the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.

Olivia Rockeman | Bloomberg News
June 10, 2022
Government, Business, Logistics

Retail Sales Show Consumers Standing Firm in Face of Inflation

Retail A shopper at a Target. (Daniel Acker/Bloomberg News)

U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.

Olivia Rockeman | Bloomberg News
May 17, 2022
Government, Business

US Job Openings Rose Unexpectedly to Record 11.5 Million

Worker Image Source/Getty Images

U.S. job openings and the number of Americans who quit their jobs in March rose to record highs, indicating that employers continue to struggle to retain and hire workers.

Olivia Rockeman | Bloomberg News
May 3, 2022
Government, Business

Economy Posts Surprise Contraction, Belying Solid Consumer Picture

Chart showing economy shrinking

The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation.

Olivia Rockeman | Bloomberg News
April 28, 2022
Government, Business

Producer Prices Jump 11.2% From a Year Ago, the Most on Record

Producer Price Index Aluminum milling machinery at the Arconic manufacturing facility in Alcoa, Tenn. (Luke Sharrett/Bloomberg)

Prices paid to U.S. producers jumped in March from a year ago by the most in records back to 2010, topping all estimates and underscoring persistent early-stage inflationary pressures that risk feeding through to consumers.

Olivia Rockeman | Bloomberg News
April 13, 2022

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