December 19, 2024 United States: US GDP Revised Up to 3.1% on Stronger Consumer Spending, Exports The US economy expanded at a faster pace in the third quarter than previously estimated, owing in part to stronger consumer spending and exports. Gross domestic product increased at a 3.1% annualized rate in the third
December 18, 2024 United States: US Housing Starts Fall to Four-Month Low on Multifamily Decline US new-home construction unexpectedly fell in November as a drop in multifamily projects mitigated a rebound in starts of single-family houses, particularly in the storm-ravaged South. Housing starts decreased 1.8% to an annualized rate of 1.29 million, the
December 17, 2024 United States: US Retail Sales Beat Forecast on Jump in Car Purchases US retail sales increased at a firm pace in November, bolstered by a surge in car purchases that masked more mixed spending elsewhere. The value of retail purchases, not adjusted for inflation, increased 0.7% after a revised 0.5%
December 16, 2024 United States: US Stock Optimism Builds Ahead of Rate Decisions: Markets Wrap US equity futures shrugged off downbeat performances in other key markets as traders prepared for a slate of interest-rate decisions by major central banks due later this week. Bitcoin hit a fresh record. Nasdaq 100 contracts rose
December 13, 2024 United States: Fed to Cut Once More Before Slowing Pace in 2025, Economists Say Federal Reserve officials will lower interest rates this month for a third straight time and pare back the number of rate cuts they anticipate next year, according to economists surveyed by Bloomberg News. Fed Chair Jerome
December 12, 2024 Haiti is grappling with an unprecedented multidimensional crisis that spans humanitarian, economic, social, and security challenges. The economy is hindered by a low tax base and a large informal sector, heavily dependent on volatile remittance flows. Since the last Article IV consultation in 2019, Haiti has endured a series of shocks, including
December 12, 2024 United States: US Wholesale Inflation Unexpectedly Accelerates on Food Costs US wholesale inflation unexpectedly accelerated in November as a surge in egg prices masked more mild costs elsewhere. The producer price index for final demand rose 0.4% from a month earlier, the most since June, according to a Bureau
December 11, 2024 United States: US Core Inflation Stays Firm With Fourth-Straight 0.3% Increase US consumer prices continued to rise in November at a pace that is fueling concerns the progress toward taming inflation is stalling. The so-called core consumer price index — which excludes food and energy costs — increased 0.3% for a
December 10, 2024 United States: US Small-Business Optimism Soars to Three-Year-High After Trump Win US small-business optimism surged in November to a more than three-year high in anticipation of more favourable economic policies after Donald Trump sealed his return to the White House. The National Federation of Independent Business optimism index jumped
December 09, 2024 The seasonally adjusted unemployment rate for the euro area was 6.3% in October 2024, down from 6.6% in October 2023 but constant from September 2024. In October 2024, the unemployment rate in the EU was 5.9%, a decrease from 6.1% in October 2023 but stable compared with September 2024. Eurostat estimates that 12.971 million persons
