US economy
US mortgage rates fall to lowest in month as Middle East tensions ease
The average for a 30-year fixed loan drops to 6.47% from 6.52% a week earlier, Freddie Mac says
Foreigners bought US$103 billion of US securities in April, Treasury holdings rise
Among the largest holders of Treasury securities, Japan boosts its holdings to US$1.21 trillion in April
US weekly jobless claims fall amid low layoffs
Claims dropped 4,000 to a seasonally adjusted 226,000 for the week ended June 13
US pending home sales see biggest gain since September 2024
Contract signings rose 3.8% to 76.8 last month
US retail sales rise more than forecast in broad advance
Consumers ramped up spending last month despite the highest average pump prices in almost four years
US import prices increase more than expected in May
[WASHINGTON] US import prices rose more than expected in May amid strong gains in the prices of fuels and capital goods, leading to the largest annual increase in nearly four years.
New Fed chief Warsh faces bumpy road as he leads tough first rate meeting
The US central bank is unlikely to cut rates this week, but all eyes are on the direction the new chair will take at his post-decision press conference
Worst of US inflation may be over if Iran peace deal sticks
The details of what Washington and Teheran are calling a memorandum of understanding have yet to be released
US manufacturing output stalls for the first time this year
Total industrial production rose 0.1 per cent
US refunds US$22 billion in tariffs, offsetting customs revenue
For the full fiscal year, the country’s deficit is expected to widen, based on Congressional Budget Office projections
