Applications for US unemployment benefits fell last week to their lowest since May as southeastern states continued to recover from the impact of two severe storms.
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The solid pace of third-quarter GDP growth relied on a strong but narrow base of consumer spending
The US bond market, already stung by the worst selloff in six months, now heads into a crucial two-week stretch that will likely chart its course for the rest of the year.
New-home sales in the US jumped to a more than one-year high in September as customers responded to more incentives from builders and a drop in mortgage rates.
New applications for US unemployment benefits declined for a second week, to levels seen before Hurricanes Helene and Milton hit Southeastern states.
Blackstone Inc. Chief Executive Officer Steve Schwarzman said the US is likely to avoid a recession regardless of who wins the presidential election, as both candidates have policy proposals that appeal to growth.
Federal Reserve Bank of San Francisco President Mary Daly said she expected the US central bank would continue cutting interest rates to guard against further weakening in the labor market.
Price action in some of the world's most risk-sensitive assets is signaling concern that the Federal Reserve's decision to begin lowering interest rates may have been premature -- or unsustainable.
Immigration has become a flash point in swing states that are poised to decide the razor-close presidential election.
Applications for US unemployment benefits unexpectedly fell after jumping the previous week in Southeastern states affected by Hurricane Helene, and data will probably remain volatile in the coming weeks.