[ad_1] The numbers: The U.S. federal budget deficit fell to $1.37 trillion in the just-ended fiscal year, the Treasury Department said Friday, half the amount of last year’s shortfall. Key…
[ad_1] U.K. bond yields rose while the British pound fell on Friday, reflecting both the political turmoil as well as the state of the underlying economy as retail sales fell…
[ad_1] If you’re dreading the first of the month, you’re likely not alone. Rental costs for single-family homes were up 26% in August from the pre-pandemic prices of February 2020…
[ad_1] Indonesia’s central bank raised its benchmark interest rate further on Thursday in a bid to reduce inflation and to ensure the stability of the rupiah. Bank Indonesia raised its…
[ad_1] The Federal Reserve can get inflation back down to its 2% target without throwing a wrench in the strong labor market, said St. Louis Fed President James Bullard on…
[ad_1] The numbers: Construction on new U.S. homes fell a seasonally adjusted 8.1% in September to 1.44 million, the Commerce Department said Wednesday. The drop in construction on homes reverses…
[ad_1] Bond yields rose on Wednesday after stubbornly high U.K. inflation data reminded investors that central banks remained on course to raise borrowing costs further. What’s happening The yield on…
[ad_1] American CEO confidence has plunged to its lowest levels since the so-called Great Recession of 2007–09 as central banks scramble to tame decades-high inflation, according to the results of…
[ad_1] The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 7.6 points to negative 9.1 in October, the regional…
[ad_1] The cost of medical care is surging again after lull during the pandemic — and adding tinder to the high inflation already burning up the U.S. economy. Medical expenses…
[ad_1] Rent growth is beginning to cool. But it’s descending from a heck of a peak. Rental prices climbed 7.2% between September 2021 to September of this year, the largest…
[ad_1] The Internal Revenue Service is mailing letters to households that could potentially get money from boosted child tax credit payments and the third stimulus check — if only they…
[ad_1] The numbers: U.S. wholesale prices rose 0.4% in September to mark the first increase in three months, signaling little progress in the Federal Reserve’s fight to vanquish high inflation.…
[ad_1] Gold shook off early losses Tuesday to finish higher, supported by a retreat in the U.S. dollar, despite anxieties about further interest rate rises by the Federal Reserve in…
[ad_1] Companies are still struggling to find workers, the latest U.K. jobs data shows, with demand for labor not cooling off despite surging inflation and rising interest rates. The U.K.…
[ad_1] There’s no respite for home buyers these days. From rising rates, high home prices, and an uncertain economic outlook, shoppers are finding it hard to jump into purchasing a…
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. September jobs report highlights major shift in white-collar work — as Labor Department plans changes to jobs questionnaire ‘The old question was…
[ad_1] U.S. stocks fell sharply Friday, cutting into weekly gains, after September jobs data showed an unexpected fall in the unemployment rate that’s expected to reinforce the Federal Reserve’s resolve…
[ad_1] Treasury yields were steady Friday ahead of key data on the state of the U.S. jobs market. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.278% was steady…
[ad_1] The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances. Rates are inching even closer to 7%,…
[ad_1] The numbers: The trade deficit fell in August to a 15-month low of $67.4 billion, paving the way for a resumption of growth in U.S. gross domestic product in…
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. This big city is America’s favorite for a sixth straight year, says Condé Nast Traveler Chicago again scores Condé Nast Traveler’s best…
[ad_1] Turns out Americans aren’t sitting on a big pile of savings to help them endure high inflation or another recession. The U.S. savings rate fell to a 14-year low…
[ad_1] All signs point to lower U.S. inflation in coming months, Richmond Fed President Thomas Barkin said Friday. “Inflation should come down a bit. I don’t expect it to be…
[ad_1] U.S. stock futures on Friday were pointing to a positive end to another difficult quarter, with key inflation data and Fed speeches set to come. What’s happening Futures on…