New Home Sales Rise Slightly in April
New single-family home sales rose to a seasonally adjusted annual rate of 623,000 in April, according to the U.S. Census...
Economy
Existing-Home Sales Plunge 17.8% in April
Existing-home sales dropped by 17.8% in April to a seasonally adjusted annual rate of 4.33 million, according to the National...
FOMC Minutes: Members See Economic Activity Declining at ‘Unprecedented Rate’ in Q2
Members of the Federal Reserve Open Market Committee said they expect economic activity in the second quarter to “decline at...
Powell Warns of Longer-Term Economic Consequences of Coronavirus Pandemic
Testifying before the Senate Banking Committee today, Federal Reserve Chairman Jerome Powell flagged risks that could arise if the economic...
Housing Starts Plunge in April
Housing starts decreased to a seasonally adjusted annual rate of 891,000 in April, according to the U.S. Census Bureau. The...
Home Builder Confidence Improved Following April’s Historic Drop
The National Association of Home Builders/Wells Fargo Housing Market Index increased to 37 in May, up seven points following the...
Retail Sales Fall Further in April
There was $403.9 billion in retail and food service sales in April, down 16.4% from March and 21.6% from the...
Industrial Production Sees Record Decline in April
Industrial production decreased 11.2% in April, the largest monthly decline in the history of the index, as the COVID-19 pandemic...
Fed Survey: Amid Pandemic, Americans Remain Able to Cover Emergency Expenses
One in five adults employed in February had been furloughed or laid off by April, according to the Federal Reserve’s...
Producer Prices See Largest Fall Since 2009
The Producer Price Index for final demand fell 1.3% in April, seasonally adjusted, according to the U.S. Bureau of Labor...
