US Data on existing home sales came in slightly above expectations. Overall sales rose 2.0% in October, rising to a 5.48 million unit pace, following a smaller than initially reported 0.4% increase in September. Those two gains followed three consecutive monthly drops during the summer months that have raised some concerns that the housing recovery [...]
US Three of the leading US inflation indicators, the consumer price index, the producer price index and the import price index, collectively showed a firming of price growth in October. Although the headline CPI decelerated slightly in October, the slowdown reflected a decline in energy prices as the supply disruptions surrounding Hurricanes Harvey and Irma [...]
US On Tuesday, the JOLTS survey was released and indicated that demand for workers continues exhibiting strength. This is not necessarily a surprising story, given to low unemployment rate at just 4.1%, since December 2000. The job openings rate, which is the percentage of openings compared to the total level of employment including open roles, [...]
US Consumer spending accelerated at the end of Q3, with nominal consumption rising 1.0% in September. Inflation trimmed off 0.4%, leaving real consumer spending up 0.6% on the month. Spending was higher for both services and goods, with durable goods posting an especially strong increase. Hurricane related purchases were likely at work in September’s gain, [...]
