Economy Week Ahead: Factory Activity, Trade and Employment
The U.S. jobs report for August will be in focus this week. Tuesday China’s factory activity is forecast to expand...
economic performance
Powell Says Fed Could Start Scaling Back Stimulus This Year
Federal Reserve Chairman Jerome Powell reaffirmed the central bank’s emerging plan to begin reversing its easy-money policies later this year...
White House More Than Doubles Its Inflation Forecast in New Update
WASHINGTON—The White House more than doubled its forecast for annual inflation in new projections released Friday, as supply-chain disruptions stemming...
U.S. Household Income Jumped in July as Spending Growth Slowed
U.S. household income rose rapidly last month as the government handed out enhanced tax breaks for parents, priming the economy...
House Passes $3.5 Trillion Budget Blueprint, Sets Deadline for Infrastructure Bill
WASHINGTON—The House narrowly passed a measure approving a $3.5 trillion budget blueprint and locking in a late September vote on...
U.S. Home Sales Rose 2% in July Amid Higher Inventory
The U.S. housing market remained strong in July, with sales of previously owned homes rising at a faster pace than...
Economy Week Ahead: Housing, Inflation and the Fed
Federal Reserve Chairman Jerome Powell’s remarks at the central bank’s Jackson Hole economic symposium on Friday cap off a full...
Jobless Claims Likely to Fall as Labor Market Withstands Delta Variant
Applications for unemployment benefits are likely to reach a new pandemic low, showing a healing labor market even as the...
U.S. Economy Likely to Outgrow China’s Due to Contrast in Pandemic Responses
The U.S. and China are trading places in the economic growth race. U.S. gross domestic product rose 12.2% in the...
Inflation Stayed High in July as Economy Rebounded
Inflation remained elevated in July as the economic recovery continued, but prices showed evidence of cooling amid pandemic-related supply problems...
Infrastructure Bill’s Boost to Economy Is Likely to Be Limited
WASHINGTON—The bipartisan infrastructure bill is unlikely to have a big impact on growth in the next few years, economists say....
U.S. Jobless Claims Remain at Elevated Level After Steady Declines
U.S. jobless claims fell slightly to 385,000 last week, as worker filings for new unemployment benefits settled this summer at...
Towns Trying to Ban Natural Gas Face Resistance in Their Push for All-Electric Homes
Massachusetts is emerging as a key battleground in the U.S. fight over whether to phase out natural gas for home...
Fed’s Brainard Says Labor Market Hasn’t Satisfied Goals for Reducing Bond Purchases
The U.S. labor market hasn’t achieved enough progress to justify a pullback in the Federal Reserve’s stimulus program but is...
Economy Week Ahead: The Fed, U.S. GDP, Eurozone GDP
The Federal Reserve’s policy meeting and U.S. economic-growth figures are the focus this week. MONDAY U.S. new-home sales are expected...
U.S. Set to Push Global Economy Over the Recovery Line
The U.S. economy likely returned to its late-2019 size during the three months through June, helping to lift global output...
U.S. Median Existing-Home Price Hit New High in June
The median U.S. home price rose to a new high of $363,300 in June as strong demand pushed home sales...
Economy Week Ahead: Housing, Jobless Claims, ECB
U.S. home builders have been caught between strong buyer demand and higher materials costs and difficulty securing lots and labor....
How China Is Helping to Damp Global Inflation
HONG KONG—As China’s factory-gate prices soared this year, investors worried the country would become a new source of inflation for...
Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee
WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage giants Fannie Mae and Freddie Mac are...
