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Record high U.S. house prices, rising mortgages depress new home sales

WASHINGTON, May 24 (Reuters) - Sales of new U.S. single-family homes tumbled to a two-year low in April, likely as higher mortgage rates and record prices squeezed first-time buyers and those in search of entry-level properties out of the housing market. The fourth straight monthly decline in sales reported by...
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U.S. labor market still tightening; producer price gains moderate | Hellenic Shipping News Worldwide

The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, touching the highest level in three months, but there is no material shift in labor market conditions amid strong demand for workers. The report from the Labor Department on Thursday also showed that the number of people on state unemployment rolls ...
New York United States Paul Simao Chizu Nomiyama Conrad Dequadros Andrea Ricci

U.S. wholesale inventories rise strongly; first-quarter GDP seen revised slightly up

U.S. wholesale inventories increased solidly in March and the pace of accumulation in the prior month was stronger than previously reported, which could lead to a small upward revision to the first-quarter gross domestic product estimate. The Commerce Department said on Monday that wholesale inventories rose 2.3% in March as reported last month. Data for ...
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U.S. weekly jobless claims increase; productivity dives in first quarter | Hellenic Shipping News Worldwide

New claims for U.S. unemployment benefits increased to a more than two-month high last week, but remained at a level consistent with tightening labor market conditions and further wage gains that could keep inflation hot for a while. The report from the Labor Department on Thursday also showed the number of Americans collecting state unemployment ...
New York United States New Jersey Jerome Powell Chizu Nomiyama Conrad Dequadros

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