July’s spending, income and inflation data were consistent with or modestly better than expectations, and may revive talk of a “Goldilocks” economy.
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Jobless claims are signaling that layoffs remain relatively low — only slightly above last year’s level.
US consumer confidence rose to a six-month high in August as more upbeat views of the economy and inflation offset waning optimism about the labor market.
Home-price gains in the U.S. slowed in June as buyers pulled back from the market while listings started to climb.
Now that Federal Reserve Chair Jerome Powell has made it crystal clear that interest-rate cuts are coming next month, bond traders are focusing in on bets over the size of that first reduction and the future path of easing.
Federal Reserve Bank of Atlanta President Raphael Bostic said it’s possible that more than one interest-rate cut may now be needed by year-end, shifting his view in the wake of data showing falling inflation and a slowing labor market.
The uptick in initial and continuing unemployment insurance claims corroborates our view that the labor market is loosening.
Stocks rose as traders parsed a fresh batch of earnings from retailers ahead of data will bring more clues about the health of the economy in the run-up to Jerome Powell's highly-anticipated speech on Friday.
US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.
It’s highly likely Fed Chair Jerome Powell will use his Jackson Hole address (Friday) to declare it will soon be the “appropriate” time to cut rates.