U.S. Trade Deficit Narrows Slightly Less Than Expected In March
(RTTNews) - Partly reflecting a jump in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of March.
The Commerce Department said the trade deficit shrank to $64.2 billion in March from a revised $70.6 billion in February.
Economists had expected the trade deficit to narrow to $63.3 billion from the $70.5 billion originally reported for the previous month.
The narrower trade deficit came as the value of exports jumped by 2.1 percent to $256.2 billion, while the value of imports slipped by 0.3 percent to $320.4 billion.
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U.S. Pending Home Sales Rebound From Six-Month Low In August
A report released by the National Association of Realtors on Thursday showed a modest rebound in pending home sales in the month of August. NAR said pending home sales index rose by 0.3 percent to 71.2 in August after tumbling by 2.6 percent to a revised 71.0 in July. Economists had expected pending home sales to climb by 0.5 percent.
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2h 32min ago
Philly Fed Index Pulls Back Off Five-Year High In September
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a smaller-than-expected pullback by its reading on regional manufacturing activity in the month of September. The Philly Fed said its diffusion index for current general activity fell to 37.8 in September after climbing to 47.4 in August, although a positive reading still indicates growth.
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2h 43min ago
U.S. Housing Starts Unexpectedly Tumble 2.6% In August
New residential construction in the U.S. unexpectedly saw further downside in the month of August, according to a report released by the Commerce Department on Thursday. The Commerce Department said housing starts tumbled by 2.6 percent to an annual rate of 1.309 million in August after plunging by 9.0 percent to a revised rate of 1.439 million in July.
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3h 0min ago
U.S. Jobless Claims Unexpectedly Dip To Lowest Level Since Mid-July
A report released by the Labor Department on Thursday showed an unexpected decline in first-time claims for U.S. unemployment benefits in the week ended September 12th. The Labor Department said initial jobless claims fell to 196,000, a decrease of 10,000 from the previous week's unrevised level of 206,000. Economists had expected jobless claims to inch up to 208,000.
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3h 3min ago
Philly Fed Index Pulls Back Much Less Than Expected In September
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a smaller-than-expected pullback by its reading on regional manufacturing activity in the month of September.
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4h 33min ago
U.S. Housing Starts Unexpectedly See Further Downside In August
New residential construction in the U.S. unexpectedly saw further downside in the month of August, according to a report released by the Commerce Department on Thursday.
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4h 38min ago
U.S. Weekly Jobless Claims Unexpectedly Decrease
A report released by the Labor Department on Thursday showed an unexpected decline in first-time claims for U.S. unemployment benefits in the week ended September 12th.
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4h 44min ago
Fed Raises Interest Rates For First Time Since July 2023
For the first time since July of 2023, the Federal Reserve announced on Wednesday that it has decided to raise interest rates. The Fed said it decided to raise the target range for the federal funds rate by 25 basis points to 3.75 to 4 percent in support of its dual mandate.
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22h 59min ago
