Inflation hits 2.7% driven by Easter air fares and clothes prices

  • May 16, 2017
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CPI measure of inflation went up to 2.7 percent in April, latest figures show. Increased from 2.3 percent the previous month amid squeeze on consumers. The figure represents the highest CPI inflation has reached since June 2013.

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U.S. industrial output jumps in April at fastest rate in more than three years

  • May 16, 2017
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Industrial production in April grew at the fastest monthly rate in more than three years, on the back of broad-based gains in the manufacturing sector. The Federal Reserve said Tuesday that industrial production grew 1% in April, topping the MarketWatch-compiled economist consensus for 0.5% growth. This is the fastest pace of growth since February 2014.

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European Central Bank minutes show it is less likely to loosen policy, but cautious towards talk of tightening

  • May 18, 2017
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Top economists at the European Central Bank (ECB) said they were becoming less likely to continue loose monetary policy, according to minutes from the latest monetary policy meeting. The minutes said the central bank was “less likely” to opt for “further accommodation” because of the strengthening of the European economy. The minutes also revealed the

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Americans on unemployment rolls lowest since 1988

  • May 18, 2017
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So-called continuing claims, or the number of people collecting jobless benefits, fell by 22,000 to 1.9 million in early May. That’s the lowest level in 29 years. initial jobless claims fell by 4,000 last week to 232,000. That’s the second lowest weekly reading during the current economic recovery that began almost eight years ago

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Philly Fed index soars to 38.8 in May

  • May 18, 2017
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That’s well above the economist forecast for a reading of 19.6. It marked the 10 month above zero on an index where any reading above zero indicates improving conditions. Gauges of news orders and shipments remained at high levels in May, according to the survey. The Philly Fed index is much stronger than the Empire

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Treasury yields suffer largest weekly fall in a month, as stocks stage a rebound

  • May 20, 2017
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For the week the US 10 year treasury finished at 2.243%, declining 8.8 basis points this week, marking its largest weekly decline since the period ended April 13. Bond prices move inversely to yields; one basis point is one hundredth of a percentage point.

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Poor start to 2017? Not really. First quarter GDP raised again to 1.4%

  • June 29, 2017
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Gross domestic product, the official scorecard for the economy, expanded at a 1.4% annual pace in the first quarter, revised figures show. That’s a few ticks better than the prior 1.2% reading and double the initial 0.7% estimate.

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Stock market set for showdown between bulls and bears

  • May 20, 2017
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In a landscape devoid of blockbuster earnings and policy catalysts, the stock market is likely to remain vulnerable to political uncertainty, setting the stage for another round of skirmish between the bulls and the bears. This week’s turmoil was less about President Trump than what an embattled president will mean for the pro-business policies that

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New home sales tumble in April after soaring to 10-year high in March

  • May 23, 2017
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Sales of newly-constructed homes stumbled in April, as builders retreated after a March surge that marked the strongest selling pace in a decade. New home sales ran at a seasonally adjusted annual rate of 569,000. That was well below the consensus forecast of a 610,000 annual pace, but was offset by sharp upward revisions to

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U.S. economy shows slightly faster pulse in May

  • May 23, 2017
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A pair of surveys of American businesses in May shows the U.S. economy is still growing steadily, though manufacturers that provide many blue-collar jobs have cooled off in the past few months. IHS Markit said its manufacturing PMI slipped to 52.5 this month from 52.8, marking an eight-month low. Manufacturers saw a surge that began

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