Economics News Results

  • Text of Fed's Monetary Policy Statement

    For release at 2 p.m. EDTJune 16, 2021 The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress and strong policy support, indicators of economic activity and employment have strengthened.

  • Jobless Claims Seen Lower -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. The FOMC announcement is scheduled for Wednesday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET. Forecasts were last updated Monday afternoon.

  • U.S. Housing Starts Rebounded Less Than Expected in May

    Construction of new homes in the U.S. increased in May, partly reversing April's fall, amid scarcity of building materials and labor shortages that have weighed on construction activity, data from the Commerce Department showed Wednesday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, rose 3.6% in May compared with April, to a seasonally adjusted annual rate of 1.572 million.

  • Nigerian Inflation Dropped in May Despite Rising Food Prices

    IBADAN, Nigeria--Annual inflation in Nigeria dropped to 17.93% in May from 18.12% in April, the National Bureau of Statistics said in its latest report. The inflation rate has now dropped two months in a row, after standing at 18.72% in March. Inflation in Africa's largest crude oil exporter has been in double digits for months as the coronavirus pandemic, insecurity and the closure of land borders to curb smuggling have disrupted sectors such as farming, industrial production...

  • China Housing Market Cools as Beijing Tightens Reins

    Property investment in China grew at a slower pace in May, as Beijing tightened its control over the property market, which regulators consider as one of the biggest risks in China's financial system. Real-estate investment in China rose 18.3% in the January-May period, which compared with a 21.6% gain for January to April, according to data released Wednesday by the National Bureau of Statistics. New construction starts retreated more sharply, with construction starts...

  • Singapore's Total Population Grew Around 1.1% a Year During 2010-2020

    Singapore's total population grew around 1.1% a year between 2010 and 2020, the Department of Statistics said in a press release Wednesday. Its citizen population increased to 3.52 million in 2020 from 3.23 million in 2010, while the permanent resident population remained stable around 500,000, data from the "Census of Population 2020" showed. The ethnic composition of the resident population was steady, with 74.3% Chinese, 13.5% Malays and 9.0% Indians in 2020..

  • U.S. Home-Builder Sentiment Declines in June Amid Rising Costs -- NAHB

    Home-builder confidence in the U.S. declined in June to its lowest level since August 2020 amid rising material prices and supply-chain strains, according to a measure released Tuesday from the National Association of Home Builders. Here are the report's main takeaways:. --The association's housing market index, which gauges the single-family housing market, decreased to 81 in June from 83 in May.

  • Jobless Claims Seen Lower -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. The FOMC announcement is scheduled for Wednesday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET. Forecasts were last updated Monday afternoon.

  • U.S. Industrial Production Rose in May

    Industrial production in the U.S. rose for a third straight month, but supply-chain disruptions continued to restrain industrial output growth. Industrial production--which includes factory, mining and utility output--increased at a seasonally adjusted 0.8% in May compared with April, the Federal Reserve reported Tuesday. The reading is above forecasts from economists surveyed by The Wall Street Journal, who expected a 0.6% rise.

  • U.S. Retail Sales Down 1.3% in May -- Update

    Retail sales dropped 1.3% in May as prices businesses charge their customers rose rapidly, a sign supply-chain disruptions are holding back economic growth and triggering higher inflation. Shoppers pulled back on purchases of autos, furniture, electronics, building materials and other items last month while boosting spending at restaurants, the Commerce Department reported on Tuesday, as more people got vaccinated against Covid-19 and business restrictions were...

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