U.S. trade deficit in goods widens in September, advanced report shows

  • October 26, 2017
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An early look at trade patterns in September showed a 1.3% widening in the U.S. goods deficit — to $64.1 billion from $63.3 billion. Also, the government’s advanced report on retail inventories found a 1% decrease in September. Wholesale inventories rose 0.3%.

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ECB to reduce monthly bond purchases in 2018

  • October 26, 2017
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The European Central Bank on Thursday announced that it would extend its bond-buying program into 2018, but cut the pace of monthly purchases in half beginning in January in a long-awaited move. In an announcement following a meeting of the ECB’s Governing Council, the bank said it would continue the bond-buying program, which had been

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Yellen reportedly out of race to be Fed chief

  • October 26, 2017
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Janet Yellen is no longer in the race to serve a second term as chair of the Federal Reserve, Politico reported, citing a person who talks “regularly” with President Donald Trump. That would leave the race to Fed Gov. Jerome Powell and Stanford economist John Taylor. The same report quoted someone “close to the process”

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Business investment surges again in September, durable-goods report shows

  • October 25, 2017
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Durable-goods orders rose 2.2% in September, beating the forecast of a 0.7% gain. Excluding transportation orders increased 0.7%. Business investment advanced 1.3% for the third month in a row, based on a closely followed measure known as core capital goods orders. These orders have climbed 7.8% in the past year. Durable-goods shipments jumped 1% in

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10-year Treasury yield hits 7-month high as traders await Fed pick

  • October 25, 2017
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Treasurys continued to weaken Wednesday, pushing the yield on the benchmark 10-year note to its highest level since March, as investors await President Donald Trump’s pick to head the Federal Reserve once Chairwoman Janet Yellen’s term ends in February.

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Philly Fed manufacturing index lurches to a 5-month high in October

  • October 19, 2017
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Manufacturing activity in the mid-Atlantic heated up in October, the Philadelphia Fed said Thursday. Its gauge jumped 4.1 points to 27.9, the strongest reading since May. Any reading over zero signals improving conditions. Economists had forecast a reading of 20.2.

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Initial jobless claims slump to 44-year low

  • October 19, 2017
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The numbers: Initial jobless claims, a way to measure layoffs, sank by 22,000 to 222,000 in the week ended Oct. 14. That’s the lowest figure since March 1973 and well below the 244,000 MarketWatch forecast. The more stable monthly average of claims declined by 9,500 to 248,250, though it remains somewhat elevated because of the

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U.S. import prices surge 0.7% in September

  • October 17, 2017
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The cost of imported goods jumped 0.7% in September in the biggest gain in more than a year, led by fuel prices and industrial supplies. Excluding fuel, import prices rose a smaller 0.3%. Over the past 12 months the import price index has risen 2.7%, up from 2.1% in the prior month, the government said

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Unemployment rolls shrink to 44-year low, jobless claims show

  • October 12, 2017
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Initial weekly jobless claims fell by 15,000 to 243,000 in early October to mark the lowest level in six weeks. Economists polled had forecast claims to total 250,000. The more stable monthly average of new claims dropped by 9,500 to 257,500 in the week ended Oct. 7. The number of people already collecting unemployment benefits,

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Fed’s Evans says December interest rate hike is not a done deal

  • October 11, 2017
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Chicago Fed President Charles Evans on Wednesday said a December interest rate hike was not a done deal, according to a report by the Wall Street Journal. In a talk in Zurich, Evans said he saw scope for an “honest discussion” about whether it is the right time to raise interest rates. Evans said the

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