U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales.
Sentiment among American consumers posted a surprise jump in October amid expectations for rising incomes and lower inflation, indicating households will continue to extend the longest-running U.S. expansion.
The European Union imposed tariffs as high as 66.4% on steel road wheels from China, targeting manufacturers such as Zhejiang Jingu Co. and Xingmin Intelligent Transportation Systems Co.
A slew of weak economic data last week fueled fears of a recession, but Goldman Sachs said Monday the U.S. is still not close to a downturn.
It’s trade policy, not Fed policy, that’s slowing economic growth, Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, told CNBC on Friday.
Unemployment hit a fresh 50-year low in September even though nonfarm payrolls rose by just 136,000 as the economy nears full employment, the Labor Department reported Friday.
U.S. holiday sales are expected to rise between 3.8% and 4.2% in 2019, higher than last year, the National Retail Federation said on Thursday, even as the retail group signaled uncertainty fueled by the prolonged U.S.-China trade war.
As investors prepare for U.S. corporations to report financial results next month, they could look past recent sluggish growth and find comfort as earnings look set to rebound after the third quarter.