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U.S. Trade Deficit Widened In May to an 18-month High

Jul 3, 2024
Brian Turner
International goods and trade deficit widened to the highest level since October 2022 on the sustained increase in imports from China, Mexico, and the European Union.

New Home Sales Level Drops to a 6-Month Low In May

Jun 26, 2024
Brian Turner
Record home prices and elevated mortgage rates are negatively impacting new home sales and also steadily lengthening the time it takes to sell homes over the last thirteen months.

Housing Starts and Permits Plunged in May as Higher Interest Rates Weigh

Jun 20, 2024
Brian Turner
Housing permits and starts dropped sharply from a year ago in May, as high interest rates weighed on the housing market. However, housing completions slightly edged up.

Retail Sales Edged Slightly Higher In May

Jun 18, 2024
Brian Turner
Total retail and food services sales edged up from the previous month in May, nonstore retail sales jumped 6.8%, and sales for food services and drinking services advanced 3.8% from a year ago, respectively. 

Fed Holds Rates and Lowers Rate Cut Expectations In 2024

Jun 12, 2024
Brian Turner
The Federal Reserve held its target rate range steady, lifted its long-term inflation outlook, and projected only one rate cut this year and four in 2025. 

Nonfarm Payrolls In May Expanded by 272,000, Jobless Rate Edged Higher to 4.0%

Jun 7, 2024
Brian Turner
The U.S. economy added 272,000 net new jobs, surpassing all expectations, but an expanding labor market also attracted more applicants, increasing the jobless rate to 4%.

New Home Sales Fall as Home Inventories Rise

May 23, 2024
Brian Turner
New home sales in April declined from the previous month and from a year ago after elevated home prices and rising mortgage rates kept buyers away, despite rising home inventories.

Existing Home Sales Slipped In April, Despite Rise In Home Inventories

May 22, 2024
Brian Turner
Existing home sales in April declined, and the median home price rose to a record high for the month of April as home prices rose in all regions. Record-high home prices and elevated mortgage rates are keeping buyers away, despite the rise in home supply. 

Building Permits Declined to a 4-month Low in April

May 16, 2024
Brian Turner
Building permits declined, but housing starts and completions increased in April. Building permits dropped to a 4-month low as home buyers struggled with elevated home prices and rising mortgage rates. 

Retail Sales Flat in April

May 15, 2024
Brian Turner
Retail sales were flat in April as consumers battled elevated food, gasoline, and shelter prices and multi-year high interest rates.

Consumer Price Inflation Eased In April, Core Index Dropped to a 3-year Low

May 15, 2024
Brian Turner
Shelter and gasoline inflation contributed seventy percent of the price increase in the month. Core inflation slowed to a three-year low, but prices are still rising faster than the Fed's target rate of 2%. 

Producer Price Inflation Rebounded in April

May 14, 2024
Brian Turner
Producer price inflation, a measure of wholesale price inflation, rebounded in April after falling the previous month, largely because of the rise in service prices.

U.S. Nonfarm Payrolls Expanded at a Slower Pace In April

May 3, 2024
Brian Turner
The U.S. economy added jobs at a slower pace in April, and job additions in February and March were lowered by 22,000. Wages increased at an annual pace of 3.9%. Both the unemployment rate, at 3.9%, and the number of unemployed people, at 6.5 million, changed little in April. 

Trade Deficit Held Steady In March Near 10-month Low

May 2, 2024
Brian Turner
The international goods and services trade deficit held steady near a 10-month high in March. The trade deficit rose with China and the European Union but eased with Mexico. 

Job Openings Dropped to a 3-year Low In April

May 1, 2024
Brian Turner
The number of job openings in April declined to a low last seen in February 2021, as hirings and separations eased a little in the month.


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