Today's Economic Calendar
In the week ahead, the U.S. will publish fresh data on home sales, durable-goods, gross domestic product and consumer sentiment.
The U.S. is preparing to announce today an end to sanctions waivers granted to importers of Iranian oil last year, according to Reuters and Washington Post sources. Oil prices spiked on the news, with Benchmark crude oil futures up 2.6% and U.S. West Texas Intermediate up 2.3% in early trading.
Herman Cain has withdrawn his name from consideration for the Federal Reserve Board, President Trump said Monday, praising the former restaurant executive whose potential nomination faced significant GOP Senate opposition.
Americans are growing reluctant to answer government surveys, a trend that will be underscored as the Supreme Court hears arguments in a lawsuit over a 2020 census plan to ask respondents if they are U.S. citizens.
Chicago Fed President Charles Evans discussed his outlook for the economy, inflation and interest rates with The Wall Street Journal.
Sales of previously owned U.S. homes sputtered in March, failing to build off strong gains in February, despite lower mortgage rates and a strong job market.
The newly installed overseer of Fannie Mae and Freddie Mac, Mark Calabria, wants to privatize the bailed-out but now-profitable mortgage-finance companies—and boost competition.
Even as a U.S.-China trade accord apparently nears completion, rattled businesses on both sides of the Pacific are skittish about rushing back in to revive the once-booming investment activity between the two countries.
A gauge of U.S. home building and approvals for new projects declined in March, continuing a recent weak stretch for new housing construction.
Retail sales in the U.S. bounced back in March after a stretch of weak spending, another sign that first-quarter growth was stronger than expected.
The number of Americans filing applications for new unemployment benefits fell last week to a fresh 50-year low.
Opening up a new trade front with the EU would be an unwise move. Washington should opt for an amicable settlement among close friends and allies, writes Michael Ivanovitch.» Read More
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China's better-than-expected first quarter GDP growth is spurring economists at Citi, Barclays and ING to raise their growth forecasts for this year, though other analysts are holding off for now.