Economic News Category

Existing home sales in the United States are increasing, with investors pushing out first-time buyers Although home sales in the United States unexpectedly increased in January, investors paying in cash are pushing first-time buyers out of the market due to record low inventory and higher prices. The National Association of Realtors reported a surge in

Weekly jobless claims in the United States unexpectedly rise Last week, the number of Americans filing new claims for unemployment benefits unexpectedly increased, but remained at levels associated with tightening labour market conditions. The Labor Department reported on Thursday that initial claims for state unemployment benefits increased by 23,000 to a seasonally adjusted 248,000 for

Oil costs hold consistent as Russia-Ukraine pressures cool Oil costs steadied on Wednesday subsequent to withdrawing over 3% in the past meeting as financial backers checked the effect of facilitating Russia-Ukraine strain against a rigid harmony between close worldwide supplies and recuperating fuel interest. Brent exchanged at $93.19 a barrel at 0253 GMT, down dime,

Japan’s economy recovers on strong spending, Omicron outlook dim Japan`s financial system rebounded within side the very last 3 months of 2021 as falling coronavirus instances helped prop up consumption, aleven though growing uncooked fabric charges and a spike in new Omicron variation infections cloud the outlook. Bank of Japan Governor Haruhiko Kuroda additionally highlighted

Forecasters predict steady job growth as Fed tries to contain inflation With professional forecasters now seeing the US economy grow more slowly in the first quarter, many believe the Federal Reserve can keep inflation under control while keeping the economy on track. a survey released on Friday. Economists still expect strong GDP growth for the