Page 23 - Christopher Rupkey News Today

Monthly construction of new single-family homes and building permits fell to a two and a half year low ...

U.S. single-family homebuilding tumbled to a 2-1/2 year low in November and permits for future construction plunged as higher mortgage rates continued to depress housing market activity.

United States President Joe Biden sends a strong message about inflation in the country but noted that prices were still rising.

U.S. import prices fell for a fifth straight month in November, pulled down by declining costs for petroleum products and a strong dollar and supporting the view that inflation could continue to

U.S. consumer prices rose less than expected for a second straight month in November, resulting in the smallest annual increase in inflation in nearly a year and giving the Federal Reserve cover on

The report, which also showed underlying inflation posting its smallest monthly gain in more than a year, was published as officials at the U.S. central bank were gathering for their final two-day policy meeting of the year. 

Outlook was, however, darkened by news that manufacturing activity contracted in November for first time in 2.5 years.

U.S. consumer spending increased solidly in October, while inflation pressures moderated, giving the economy a powerful boost at the start of the fourth quarter as it faces rising headwinds from the

The initial government reading in October showed a 2.6% growth in economic activity.

The initial government reading in October showed a 2.6% growth in economic activity.