Beige Book sees ‘slightly weaker’ U.S. economy — and easing inflation
The U.S. economy exhibited “stable” to “slightly weaker” growth in the early fall, a Federal Reserve survey found, helping to...
Economy
Australia central bank sees challenging economy, inflation risks
SYDNEY (Reuters) - The head of Australia's central bank on Wednesday said the domestic economy was in a "challenging" situation...
Philadelphia Fed manufacturing gauge remains in contractionary territory for second straight month
The numbers: The Philadelphia Federal Reserve said Thursday its gauge of regional business activity remained in contractionary territory for the...
IMF says China property slowdown will weigh on Asia’s growth
By Xinghui Kok SINGAPORE (Reuters) - The International Monetary Fund (IMF) downgraded its 2023 and 2024 growth forecasts for China,...
Existing home sales fall for 6th month as supply crunch worsens
U.S. existing home sales continued to slide in September as a combination of steep mortgage rates and a worsening supply...
Jobless claims fall to 9-month low of 198,000. Not many layoffs in U.S. economy.
The numbers: The number of Americans who applied for unemployment benefits last week fell to a nine-month low of 198,000,...
Marcos Jr. suspends Maharlika Investment Fund’s regulations for review
President Ferdinand Marcos Jr. has issued a directive to suspend the Implementing Rules and Regulations (IRR) of the Maharlika Investment...
Fed Chair Powell escorted out of room as climate protesters interrupt start of speech
Federal Reserve Chair Jerome Powell was briefly escorted out of a room in New York after climate protesters interrupted the...
U.S. leading economic indicators point lower for 18th straight month, but still no sign of recession
The numbers: The leading economic index sank 0.7% in September and was negative for the 18th month in a row —...
Homebuyers turn to adjustable-rate mortgages amid soaring loan rates
In the face of surging mortgage rates and high house prices, homebuyers are increasingly turning to adjustable-rate mortgage (ARM) deals....
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