U.S. Industrial Production Unexpectedly Edges Down 0.2% In August
(RTTNews) - The Federal Reserve released a report on Thursday unexpectedly showing a modest decrease in U.S. industrial production in the month of August.
The report said industrial production edged down by 0.2 percent in August after climbing by a downwardly revised 0.5 percent in July.
Economists had expected industrial production to inch up by 0.2 percent compared to the 0.6 percent increase originally reported for the previous month.
The unexpected dip in industrial production came as utilities output tumbled by 2.3 percent, while mining output was unchanged and manufacturing output crept up by 0.1 percent.
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US Consumers Expect Higher Inflation In Next Few Years: NY Fed Survey
U.S. consumers' inflation expectations for the next three years increased sharply in December, while unemployment concerns were mixed, results of a monthly survey by the Federal Reserve Bank of New York showed on Monday. Median inflation expectations for the one-year horizon were unchanged at 3.0 percent but they increased to 3.0 percent from 2.6 percent for the three-year horizon.
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U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge
Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.
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U.S. Job Growth Far Exceeds Estimates In December
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November. Economists had expected employment to climb by 160,000 jobs.
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U.S. Employment Surges Much More Than Expected In December
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December.
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Fed Officials Prefer Careful Approach To Rate Decisions Amid Inflation Risks
Many Federal Reserve officials believe a careful approach to interest rate decisions will be necessary over the coming quarters, according to the minutes of the central bank's December monetary policy meeting. The minutes said the careful approach will be needed due to a variety of factors, including increased upside risks to the outlook for inflation.
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5 ngày trước
U.S. Wholesale Inventories Dip 0.2% In November, In Line With Estimates
Wholesale inventories in the U.S. dipped in line with estimates in the month of November, the Commerce Department revealed in a report released on Wednesday. The Commerce Department said wholesale inventories slipped by 0.2 percent in November, matching the preliminary estimate as well as economists' expectations.
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5 ngày trước
U.S. Jobless Claims Unexpectedly Slip To Nearly Eleven-Month Low
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th. The report said initial jobless claims slipped to 201,000, a decrease of 10,000 from the previous week's unrevised level of 211,000.
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6 ngày trước
U.S. Private Sector Job Growth Slows More Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by 140,000 jobs.
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6 ngày trước
