North American orders for Class 8 semi-trucks jumped 92 percent in September as trucking companies continued to struggle with tight capacity in a booming U.S. freight market, FTR, a company that tracks the industry, said
The U.S. services sector expanded last month at its fastest pace on record, according to data released Wednesday by the Institute for Supply Management.
Job growth surged in September to its highest level in seven months as the economy put up another show of strength, according to a report Wednesday from ADP and Moody's Analytics.
U.S. consumer spending increased steadily in August, while a measure of underlying inflation remained at the Federal Reserve's 2 percent target for a fourth straight month.
The final reading on second-quarter gross domestic product was expected to show a rise of 4.2 percent, up from the 2.2 percent increase in the previous quarter.
First-time claims for state unemployment benefits were expected to total 210,000 for the most recent week, following 204,00 claims filed in the previous week.
Job openings hit a fresh record in July, closing in on 7 million amid a jump in vacancies for finance and manufacturing, the Labor Department reported Tuesday.
Chinese Premier Li Keqiang said claims that the recent slide of the yuan against the U.S. dollar was an intentional policy decision from Beijing were "simply not true."