- With the presidential election drawing near, a litany of data released this week shows the U.S. economy continues to climb out of the recession caused by the coronavirus pandemic, but progress is slowing.
With the presidential election drawing near, a litany of data released this week shows the U.S. economy continues to climb out of the recession caused by the coronavirus pandemic, but progress is slowing.
U.S. households boosted spending for a fifth straight month, helping the economy dig further out from the deep hole created by the pandemic. The Commerce Department said personal-consumption expenditures-- a measure of household spending on goods and services-- rose 1.4% last month. Consumers have increased spending since the summer, although the pace of gains slowed into early fall.
The United Kingdom reported on Friday 24,405 new cases of COVID-19 and a further 274 deaths within 28 days of a positive test, according to government data.
Brazil's central bank intervened in the foreign exchange market on Friday, selling dollars to ease heavy downward pressure on the real that had pushed the local currency closer to its all-time low against the dollar struck earlier this year.
U.S. households boosted spending for a fifth straight month, helping the economy dig further out from the deep hole created by the pandemic. The Commerce Department said personal-consumption expenditures-- a measure of household spending on goods and services-- rose 1.4% last month. Consumers have increased spending since the summer, although the pace of gains slowed into early fall.
The dollar was little changed to slightly lower on Friday, moving in
narrow ranges as investors trimmed positions ahead of next week's U.S. presidential election, although
sentiment remained ...
Personal income increased 0.9% in September after a 2.5% decline in August, the Commerce Department reported Friday, while personal consumption grew 1.2% after a 0.7% gain in August.
Consumer confidence in the U.S. increased slightly in October compared with September, but data collected during the second half of the month showed sentiment is stalling, according to a University of Michigan survey released Friday. The final reading of the index of consumer sentiment was 81.8 in October, marginally higher than the flash estimate of 81.2 two weeks ago and slightly up from September's 80.4 level. Economists surveyed by The Wall Street Journal had expected the...
The Baltic Exchange's main sea freight index fell on Friday, posting a fourth straight weekly decline pressured by lower rates across all vessel segments. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, fell 14 points, or 1.1%, to 1,283. * The index lost 9.3% this week and was down for the fourth straight week.
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