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The U.S. Federal Reserve on Wednesday indicated it believes the American economy continues to expand at a moderate pace and would be able to handle a small hike in short-term interest rates.
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Industrial production in the U.S. increased 1% in September, the biggest gain in nearly two years, and advanced at an annual rate of 3.2% in the third quarter of 2014. Manufacturing production was up for the quarter, led by mining, while last week's unemployment claims dropped.
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Housing starts in the U.S. fell 9.3% in June, the second consecutive monthly decline, according to the U.S. Commerce Department, pushing the annual rate down to 893,000, the weakest showing since last September.
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A measure of the health of the nation’s economy shows it has increased again, while concerns linger by the Federal Reserve about economic growth for the remainder of the year.
Read More →The number of Americans filing first-time jobless claims in the U.S. for the week ending April 5 posted its largest weekly decline since December 2012 with the lowest level of claims hit since March 2007.
Read More →The U.S. Federal Reserve on Wednesday announced it would further reduce a stimulus program for the nation’s economy and is leaving interest rates unchanged.
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UPDATED -- Private sector employment increased by 139,000 jobs from January to February, according to the National Employment Report released Wednesday by the payroll management services provider ADP.
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Shipments and new orders for factor good both declined in December, according to new figures released by the U.S. Commerce Department.
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In one of his final moves as Federal Reserve Chairman, Ben Bernanke on Wednesday announced the central bank would continue trimming its monthly purchases of mortgage and Treasury securities that it recently started.
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Despite the biggest jump in consumer prices in six months and the first hike in wholesale prices in three months, inflation remains tame, according two new reports.
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