January 3, 2025 United States: Reserves at Fed Sink Below $3 Trillion to the Lowest Since 2020 The US banking system’s reserves, a key factor in the Federal Reserve’s decision to keep shrinking its balance sheet, tumbled below $3 trillion to the lowest since October 2020.   Bank reserves fell by about $326 billion in

January 2, 2025 United States: US Initial Jobless Claims Fall to Eight-Month Low to End 2024   Initial applications for US unemployment capped 2024 at an eight-month low, reflecting the relatively muted levels of job cuts in a labour market that has remained surprisingly resilient.   New claims fell by 9,000 to 211,000 in the

December 31, 2024 United States: US Pending Home Sales Advance to Highest Level Since Early 2023   Pending sales of US homes increased for a fourth month in November to the highest level since early 2023 as homebuyers gave up hopes for lower borrowing costs.   A National Association of Realtors measure of contract signings

December 30, 2024 United States: US Economy Surprised Again in 2024 Despite Fed, Election Drama   Over the last few years, the US economy has consistently defied expectations for a slowdown, and 2024 was no different.   Despite uncertainty around a presidential election, elevated interest rates and a cooling labor market, economic growth remained solid