US housing starts, permits fall short as mortgage rates rise
New US home construction rose by less than expected in April, impacted by rising mortgage rates. Permits declined, pointing to future constriction in housing activity. [ more ]
Experts share insights about the Fed, data vibes' and housing trends
Americans are in a better position than during the financial crisis, Fed unlikely to reduce interest rates soon, focus should be on labor market indicators for potential rate cuts. [ more ]
Oil declines today as uncertainty over the path of interest rates worsen
Crude oil prices decrease today after recent gains, influenced by factors such as unchanged OPEC forecasts and economic indicators from Europe and the US. [ more ]
The Dow Jones hits 40,000 for the first time. What to know about this major milestone
The Dow Jones Industrial Average hitting 40,000 points for the first time ever signifies the U.S. economy's strength amidst inflation concerns. [ more ]
Consumer confidence drops to its lowest level in nearly two years as Americans fret over their financial futures
U.S. consumer confidence declined for the third consecutive month, driven by concerns about short-term financial prospects amid elevated prices and interest rates. [ more ]
US stock market exposed to slew of economic data this week
The US stock market started the week with a slight downturn after four consecutive weeks of gains.
Key data, comments from Federal Reserve members, and upcoming economic indicators will shape projections for next year's monetary policy and impact market sentiment.
Nvidia faces challenges in the Chinese market as it announces a delay in launching its latest artificial intelligence chip due to US export restrictions. [ more ]
U.S. inflation ticked up in February, driven by higher rent and gas prices | CBC News
Consumer prices in the U.S. rose in February due to higher costs for gasoline and shelter, potentially delaying the expected June interest rate cut by the Federal Reserve.
Gasoline and shelter contributed over 60% to the monthly increase in the Consumer Price Index, which rose by 0.4% in February. [ more ]