Tag: USA

President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post on his social media platform Truth Social.

The number of Americans who applied for unemployment benefits last week fell to the lowest level in seven months, reflecting steady growth in the economy and the need for most businesses to remain fully staffed.

Sales at retailers rose solidly in October and suggested the economy still has plenty of momentum heading into the holiday shopping season.

PPI ex food and energy 3.1% y/y vs +3.0% expected (+1.8% prior) – PPI ex food and energy +0.3% m/m vs +0.3% expected (+0.3% prior) – Ex food, energy and trade 3.5% y/y vs +3.2% prior (revised to +3.3%)

Initial jobless claims fell by 4,000 to 217,000 in the week ended November 9, the Labor Department said Thursday. It is the lowest level of claims since May. 

The consumer price index was expected to increase 0.2% in October and show a 2.6% 12-month rate, according to the Dow Jones consensus estimate.

The euro dropped to its lowest level in 6-1/2 months against the greenback on Monday as investors worried about possible U.S. tariffs that would hurt the euro area’s economy.

NATO chief Mark Rutte congratulated Donald Trump on Wednesday for being elected president of the United States, and emphasised that members were increasing their military spending, a response to a persistent Trump criticism of the Western alliance.

Republican presidential nominee Donald Trump will defeat his Democratic rival, Kamala Harris, and return to the White House for another four years, NBC News projects.

Private-job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday.

The U.S. economy posted another solid though slightly disappointing period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown.

 The U.S. economy got off to a good start in the fourth quarter, a pair of S&P Global surveys found, and pointed toward brisk growth at the tail end of the year.

The number of Americans who applied for unemployment benefits last week fell sharply for the second week in a row to 227,000, reversing a spike in claims earlier in the month after a pair of major hurricanes.

Rent inflation will continue to put pressure on consumers for some time to come, the Federal Reserve Bank of Cleveland said in a report, on Wednesday, in a finding that may point to ongoing challenges for the Fed to get overall inflation back to 2%

The U.S. import price index fell 0.4% in September, the Labor Department said Wednesday. This is the second straight monthly decline due to lower fuel prices.

US mortgage rates rose sharply for a second straight week, reaching the highest level since early August while prompting steep declines in both home-purchase and refinance activity.

The producer price index was expected to show a 0.1% increase in September, according to the Dow Jones consensus.

The pace of price increases over the past year took an unexpected step higher in September as policymakers contemplate their next move on interest rates, according to a Labor Department report Thursday.

U.S. businesses added a higher-than-expected 143,000 new jobs in September , paycheck company ADP said. Yet it was the sixth straight month in which employment gains totaled less than 200,000 in a sign the labor market has cooled off considerably.

President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.