Economics News Results

  • Fed Officials Discussed Asset Purchase Program at November Meeting -- Update

    Federal Reserve officials this month discussed ways to provide more concrete guidance about their plans to continue purchases of Treasury and mortgage-backed securities. Minutes of the Nov. 4-5 meeting released Wednesday showed officials also discussed ways that those purchases could be changed to provide more stimulus to the economy, if needed. But they didn't indicate any imminent changes in that direction.

  • Fed Officials Discussed Asset Purchase Program at November Meeting

    Federal Reserve officials resumed discussions at their policy meeting earlier this month about their purchases of Treasury and mortgage-backed securities, according to minutes of the meeting released Wednesday. Since June, the Fed has been buying $80 billion per month in Treasurys and $40 billion in mortgage securities, net of redemptions. Officials have considered ways they could provide more support for the economy by adjusting those purchases or providing more...

  • U.S. Consumer Spending Rises for Sixth Straight Month -- 3rd Update

    The U.S. economy is recovering at a sturdy but slowing pace heading into the holidays as Covid-19 infections continue to rise. Consumers stepped up their spending by a brisk 0.5% in October, down from a gain of 1.2% the month before, the Commerce Department said Wednesday. Factory orders for long-lasting goods rose a solid 1.3%, in part because businesses shelled out more for long-term projects, the agency said.

  • U.S. Consumer Confidence Wanes in November Amid Spike in Virus Infections

    Consumer confidence in the U.S. fell in November compared with October, according to a University of Michigan survey released Wednesday. The final reading of the index of consumer sentiment was 76.9 in November, almost unchanged from the flash estimate of 77.0 two weeks ago and down from October's 81.8 level. Economists surveyed by The Wall Street Journal had expected the indicator to remain unchanged from its preliminary reading at 77.0.

  • U.S. New Home Sales Fell in October

    Purchases of new single-family houses in the U.S. slightly decreased in October. Here are the main takeaways from the Commerce Department's report released Wednesday:. --New home sales fell 0.3% in October compared with September to a seasonally adjusted annual rate of 999,000..

  • U.S. Personal Spending Rose 0.5%, Personal Income Fell 0.7% In October

    Americans' spending rose 0.5% in October while incomes fell 0.7%, amid signs the economic recovery was slowing.

  • U.S. Jobless Claims Up 30K to 778K in Nov. 21 Week -- 2nd Update

    Jobless claims rose for the second straight week, to 778,000, a sign the nationwide surge in virus cases was starting to weigh on the labor-market recovery. Claims haven't risen for two consecutive weeks since July. Worker filings for unemployment insurance are down sharply from a peak of nearly seven million in late March.

  • U.S. Jobless Claims Up 30K To 778K in Nov. 21 Week -- Update

    Jobless claims rose for the second straight week to 778,000, a sign the nationwide surge in virus cases was starting to weigh on the labor-market recovery. Worker filings for unemployment insurance are down sharply from a peak of nearly seven million in late March. But they remain higher than in any previous recession--the prepandemic peak was 695,000 in 1982-- for records tracing back to 1967..

  • U.S. Jobless Claims Up 30K To 778K in Nov. 21 Week

    Jobless claims rose for the second straight week to 778,000, as a nationwide surge in virus cases showed it was weighing on the labor-market recovery.

  • U.S. Economy Gets Boost as Americans Spend More

    The U.S. economy is heading into the holidays continuing to recover, in large part because Americans continue to boost their spending, particularly on goods. Many reports Wednesday will offer clues about the economy's path this winter. These include Commerce Department data expected to show that consumer spending rose in October for the sixth straight month, while household income declined because of the fading effects of government aid programs, according to economists...

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