U.S. Retail Sales Growth Falls Well Short Of Estimates In August

Retail sales in the U.S. continued to increase in the month of August, according to a report released by the Commerce Department on Wednesday, although the pace of growth fell well short of economist estimates. The Commerce Department said retail Read More →

U.S. Homebuilder Confidence Unexpectedly Jumps To New Record High

Reflecting historic traffic numbers, the National Association of Home Builders released a report on Wednesday showing homebuilder confidence jumped to a record high in September. The report said the NAHB/Wells Fargo Housing Market Index shot up to 83 in September Read More →

Fed Forecasts Interest Rates At Near-Zero Levels Through 2023

Citing the economic hardships caused by the COVID-19 pandemic, the Federal Reserve left interest rates unchanged on Wednesday and signaled rates are likely to remain at near-zero levels for years to come. The Fed announced its widely expected decision to Read More →

Dollar Recovers After Fed Policy Announcement

The U.S. dollar, which recovered after early weakness to go marginally up ahead of the Federal Reserve's monetary policy announcement this afternoon, slipped after the Fed said interest rates will stay near zero through 2023.Original Article Read More →

New Zealand Q2 GDP Tumbles 12.2% On Quarter

New Zealand's gross domestic product dropped 12.2 percent on quarter in the second quarter of 2020, Statistics New Zealand said on Thursday - marking the country's largest single-quarter decline on record.Original Article Read More →

U.S. Business Inventories Inch Up In Line With Estimates In July

A report released by the Commerce Department on Wednesday showed a modest increase in U.S. business inventories in the month of July. The Commerce Department said business inventories inched up by 0.1 percent in July after slumping by 1.1 percent Read More →