Economy News

Economy

Surge in US Mortgage Applications: A 20.4% Jump Signals Strong Market Momentum

US mortgage applications surged by 20.4% in late February, with a notable decrease in interest rates to 6.73% for 30-year fixed-rate mortgages. Both purchase and refinance indices ...

Economy

January Sees a 1.7% Surge in US Factory Orders, Signaling Economic Resilience

US factory orders rose by 1.7% in January, with shipments and unfilled orders also showing growth. Inventory levels increased slightly, maintaining a stable inventories-to-shipment...

Economy

US Services Sector Sees Growth in February: ISM Report Highlights Positive Trends

The US service sector showed signs of improvement in February, with the Services PMI rising to 53.5%, surpassing expectations. Key indexes, including New Orders and Employment, saw...

Economy

February Sees a Surprising Uptick in US Private Payrolls: ADP Report Reveals

The ADP National Employment Report revealed a 77,000 increase in US private payrolls in February, missing analysts' expectations. The report highlighted sector-wise job additions, ...

Economy

US Crude Oil Inventories Surge by 3.6 Million Barrels, Refinery Inputs Decline

The Energy Information Administration reported a 3.6 million barrel increase in US commercial crude oil inventories, reaching 433.8 million barrels. Refinery inputs decreased, whil...

Economy

BoE Governor Bailey Suggests Diminished Risk of Second-Round Inflation Effects Amid Economic Slowdown

Bank of England Governor Andrew Bailey discusses the reduced likelihood of second-round inflation effects due to the UK's economic slowdown, attributing inflation to energy and foo...

Economy

US Manufacturing Sector Sees a Surge: Factory Orders Jump 1.7% in January

US factory orders saw a significant increase of 1.7% in January, reaching $589.9 billion. This growth, in line with analysts' expectations, suggests a positive trend in the manufac...

Economy

US Services Sector Sees Accelerated Growth in February, Surpassing Expectations

The US service sector showed improved activity in February, with the Services PMI rising to 53.5%, surpassing expectations. Key indexes like New Orders and Employment saw increases...