The US Real Gross Domestic Product (GDP) revision for April-June (second quarter) has been revised downward from the preliminary figures. Although private consumption was revised upward, the downward revision of capital investment affected the overall figures. Key point U.S. real gross domestic product (GDP) revised at an annual rate of 2.1% quarter-on-quarter Revised downward from … Read more
In the United States, new claims for unemployment insurance fell last week to a three-week low. This suggests that demand for workers is still healthy. Key point U.S. initial unemployment claims in the week ending on the 19th decreased by 10,000 from the previous week to 230,000 The median economist forecast was revised to 240,000 … Read more
In the US, new claims for unemployment insurance fell last week. The decline was the largest in five weeks. Against the backdrop of a robust economy, a situation emerges that employers are reluctant to cut jobs. Key points U.S. initial unemployment claims in the week ending Aug. 12 fell 11,000 to 239,000 The median economist … Read more
U.S. housing starts rose in July. Amid limited supply in the second-hand housing market, an increase in single-family housing starts drove overall sales. Key points Housing starts up 3.9% month-on-month at an annualized rate of 1,452,000 units The median forecast for the previous month was revised down to 1,398,000 units (preliminary estimate: 1,434,000 units) Single-family … Read more
Federal Reserve Bank of Minneapolis President Neel Kashkari said on Thursday that the U.S. was making positive moves to curb inflation, but that the pace of inflation was more than policymakers could tolerate. . “Inflation is slowing right now. But he said inflation was “still too high.” He will vote at this year’s Federal Open … Read more
In July, the US consumer price index (CPI), which excludes food and energy, rose 0.2% from the previous month. Growth remained low following June. It further bolstered hopes that the Fed will be able to calm inflation without triggering a recession. U.S. CPI core index slows for 2nd straight month, hopes for subduing inflation (3) … Read more
The stock price of Berkshire Hathaway, an investment and insurance company led by US billionaire Warren Buffett, reached a new high on the 7th. Operating income exceeded market expectations in the April-June (second quarter) financial results announced on the 5th. Related article Berkshire’s Class B shares climbed 3.6% to $362.58, hitting a new all-time high … Read more
The July nonmanufacturing headline index released by the Institute for Supply Management (ISM) showed a slowdown in activity, partly due to slowing job growth. Key Point Nonmanufacturing Headline Index fell 1.2 points to 52.7 Median market forecast compiled by Bloomberg was 53.1 last month 53.9 Index 50 marks the line between expansion and contraction in … Read more
The risks are beginning to outweigh the rewards for hedge funds as they grapple with an unusual 2023 U.S. stock market. Professional managers who are both bullish and bearish on equities trimmed positions on both sides of the book last week, according to aggregated data from JPMorgan Chase & Co.’s prime brokerage division. The rush … Read more
Chicago Fed President Goolsby said data showing slowing inflation was “great news” but said he had not decided whether to support a moratorium on rate hikes at the next meeting of the Federal Open Market Committee (FOMC). In an interview with Yahoo Finance on Wednesday, he said, “I haven’t decided yet what to do in … Read more