World Cup lifts U.S. host-city spending, but Fed sees consumer strain
The Fed’s Beige Book said World Cup tourism helped bars and hotels, while higher oil prices and weaker discretionary demand capped...
By Sarah Jenkins 2 months agoSection
Economics
Cheaper gasoline lifts Hostfully travel index as lodging costs weigh
Hostfully’s July index rose 14.3 points as lower fuel prices, better sentiment and AAA’s July 4 travel forecast pointed to firmer...
By Ingrid Halvorsen 2 months ago
Hormuz tensions put ECB rate pause in doubt as oil climbs
Brent’s move above $85 has revived questions over the ECB’s July 22 rate decision after June’s 25 basis point increase.
By Ingrid Halvorsen 2 months ago
AI hiring near Mission Bay draws homebuyer interest to Noe Valley
Nona Ehyaei Real Estate says AI workers are moving from Mission Bay rentals into homes in nearby San Francisco neighborhoods.
By Sarah Jenkins 2 months agoEconomists see modest December US job gains as payroll report nears
Consensus estimates call for 55,000 US jobs added in December and a 4.5% unemployment rate, with Goldman Sachs and BofA above cons...
By Ingrid Halvorsen 2 months ago
US housing starts fell to 1.246mn annual rate in October
Census Bureau data showed a 4.6% monthly drop in housing starts, while permits were nearly flat at a 1.412mn annual pace.
By Ingrid Halvorsen 2 months ago
Home entertainment costs rise as consumers pull back on leisure spending
Price increases across streaming, gaming devices and electricity are making at-home leisure less insulated from inflation, accordi...
By Sarah Jenkins 2 months ago
US hiring slows to 50,000 jobs in December as revisions cut prior months
The unemployment rate edged down to 4.4%, but revised payroll data pointed to a weaker late-year labor market.
By Sarah Jenkins 2 months ago
US housing starts fell to 1.246mn annual rate in October
Calculated Risk said October housing starts were 7.8% below a year earlier, while year-to-date activity was down 0.7%.
By David L. Chen 3 months ago
UK inflation stays at 2.8% as transport costs offset food declines
Britain’s May CPI undershot Reuters-polled expectations, leaving markets largely positioned for a Bank of England rate hold this w...
By David L. Chen 3 months ago
China CPI cools in June as factory-gate inflation accelerates
Consumer inflation slowed to 1% in June, while producer prices rose 4.1%, underscoring weak household demand and cost pressure in...
By Ingrid Halvorsen 3 months ago
US heavy-truck sales fell 32.5% year on year in December
BEA data cited by Calculated Risk showed heavy-truck sales at a 311,000 annualized rate in December, down from 336,000 in November...
By Ingrid Halvorsen 3 months ago