United States

Lucia Mutikani

Mar 29 2017

U.S. pending home sales surge to ten-month high ahead of spring

WASHINGTON Contracts to buy previously owned U.S. homes jumped to a 10-month high in February, pointing to robust demand for housing ahead of the busy spring selling season.

Mar 28 2017

Consumer confidence hits 16-year high in boost to economy

WASHINGTON U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the start of the year.

Mar 24 2017

U.S. business spending picking up, but may slow in second quarter

WASHINGTON New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter.

Mar 24 2017

New home sales hit seven-month high; jobless claims rise

(In this March 23 story, Labor Department corrects data to show claims at 261,000 instead of 258,000. Also corrects other data in report)

Mar 23 2017

Tight supply, higher prices weigh on U.S. home sales

((Public relations firm corrects Blefari's title to chief executive officer from president in paragraph 4 in this story published on March 22)) | Video

Mar 17 2017

U.S. factory, consumer sentiment data boost economic outlook

WASHINGTON U.S. factory output increased for a sixth straight month in February while consumer sentiment rebounded in early March, underscoring the economy's resilience even as growth appears to have slowed significantly in the first quarter.

Mar 16 2017

U.S. housing, factory data underscore economy's resilience

WASHINGTON U.S. homebuilding jumped in February as unseasonably warm weather boosted the construction of single-family houses to near a 9-1/2-year high, suggesting the economy remained on solid ground despite an apparent slowdown in the first quarter.

Mar 15 2017

U.S. retail sales weakest in six months, inflation firming

WASHINGTON U.S. retail sales recorded their smallest gain in six months in February amid delays in tax refunds, but the biggest rise in the annual inflation rate in nearly five years pointed to rising price pressures that could support further interest rate hikes. | Video

Mar 14 2017

U.S. producer prices rise broadly, point to firming inflation

WASHINGTON U.S. producer prices increased more than expected in February as the cost of services such as hotel accommodation pushed higher and the year-on-year gain was the largest in nearly five years, pointing to steadily rising inflation pressures.

Mar 10 2017

Strong U.S. job growth, rising wages set stage for Fed rate hike

WASHINGTON U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. | Video

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