New Home Sales Unexpectedly Rise, Showing Some Stabilization
Sales of new U.S. homes unexpectedly rose in February after a downward revision to the prior month, suggesting the housing market is beginning to stabilize after a tumultuous year
Manufacturing Shrinks at Slower Pace in February, Prices Gauge Jumps
A gauge of manufacturing improved for the first time in six months, though activity remained in contraction territory amid fragile demand and growing inflationary pressures.
Factory Gauge Falls to Lowest Since May 2020
The U.S. manufacturing downturn deepened in January, fueled by a further pullback in orders and factory production.
Producer Price Index Sees Biggest Decline Since April 2020
U.S. producer prices dropped in December by the most since the start of the pandemic, extending a monthslong pullback in inflationary pressures and giving the Federal Reserve room to slow the pace of interest-rate hikes.
Labor Data Surprises as Job Market Runs Hotter Than Forecast
Data released Jan. 5 reinforced the strength of the labor market, with hiring at U.S. companies far exceeding expectations and applications for jobless benefits falling to a three-month low.
Manufacturing Contracts in December for Second Straight Month
U.S. manufacturing activity contracted for a second month in December, capping the steepest annual slide in the key factory gauge since 2008 and helping to further tame price pressures.
Homebuilder Sentiment Extends Record Decline to 12 Months
U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in more than a decade outside of the pandemic amid elevated mortgage rates and high construction costs.
Hiring and Wages Extend Strong Gains, Keeping Pressure on Fed
Employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost chances of higher interest rates from the Federal Reserve.
Business Equipment Orders Rebounded Sharply in October
Orders placed with U.S. factories for business equipment rebounded in October, suggesting capital spending plans are holding up in the face of higher borrowing costs and broader economic uncertainty.
Inflation Slowed More Than Forecast in October
U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest rate hikes.