U.S. July existing home sales jump to three-year high
WASHINGTON (Reuters) - U.S. home resales jumped in July to their highest level in over three years, suggesting a sharp increase in borrowing costs is having only a limited impact...
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U.S. hiring data expected to show modest progress
WASHINGTON (Reuters) - U.S. employers likely hired enough workers in July to push the jobless rate to a near four-year low, which could bolster expectations the Federal Reserve will start...
Analysis: Intangible investments cast U.S. economy in brighter light
WASHINGTON (Reuters) - As many a former factory worker can attest, U.S. companies have invested so heavily in technology that some plants now practically run themselves. So it is rather...
Inflation data points to firming economy
WASHINGTON (Reuters) - Inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want to avoid any chance of a debilitating...
Why a surge in U.S. hiring could be scary
WASHINGTON (Reuters) - If U.S. employers really ramped up hiring over the last month, that would be extremely good news, right? Maybe not. The U.S. Federal Reserve has pulled out...
U.S. interest rates could spike when Fed slows bond buying -OECD
WASHINGTON (Reuters) - After flooding U.S. banks with cash to fight an economic crisis, the Federal Reserve must now find a way to slowly tighten the money spigot without dealing...
Durable goods orders point to factory resilience
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course....
ECB can expand its tools to fight crisis: board member
WASHINGTON (Reuters) - The European Central Bank could expand its policy toolkit if needed to battle deflation risks, a top ECB official said on Wednesday, adding that the central bank...
Analysis: Shrinking deficit reduces pressure for budget deal
WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to...
Analysis: Shrinking deficit reduces pressure for budget deal
WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to...