News

Although the value of exports rose 1.6 percent, on growth in export of industrial supplies and autos, imports increased 1.7 percent.

Inflation is cooling, even as the job market remains resilient.

The Federal Reserve's preferred measure of underlying inflation posted the smallest back-to-back increases since late 2020, encouraging a burst of…

In his Jackson Hole speech, Powell noted that the Fed is making progress in slowing price gains but stressed that its job fighting inflation isn't done.

Data on core capital goods orders suggests companies are cautious about capital investment amid high borrowing costs and economic concerns.

The number of workers on payrolls will likely be revised down by about 306,000 for the first quarter of 2023, from jobs numbers that originally suggested 343,000 new jobs added each month.

But companies are upbeat about the outlook, buoyed by hopes of a stabilization in interest rates and inflation.

In Germany, overall economic activity declined at the fastest pace since the first wave of the pandemic, in May 2020.