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The 2% monthly decline in existing-home sales reflected higher mortgage rates and a housing market stuck in a rut.
The producer-price index rose 0.4% in August, versus a 0.1% increase in July. The reading was in line with economists’ forecasts.
Resurgent oil and gas prices have reignited concerns over price pressures.
The bank held its benchmark one-week repo rate at 37.0%, it said Thursday. The bank last cut its key rate in January.
Just over a month after joint currency interventions failed to pull the yen significantly off multi-decade lows, shifting policy expectations have triggered a remarkable turnaround.
Fed officials, increasingly divided over where rates should go, will be watching Friday’s consumer inflation report closely.
The tribunal recommended a three-year tariff-rate quota on imported canned vegetables from certain countries, led by the U.S.
Central bankers are usually reserved, with their public comments limited to pre-prepared lines that are often coached into them by internal staff.
Factory orders and industrial production rose in the second quarter, shaking off fears of a slowdown as disruptions in the Hormuz Strait sent energy prices soaring.
China’s consumer and factory-gate prices rose in August, fueled by energy-market jitters tied to renewed tensions in the Middle East.
Official data shows steady growth and low unemployment but misses how rising costs have left many Americans behind.
The ban will affect a small subset of industries but could be ruinous for those companies if the trade prohibitions go into effect in three weeks.
The latest Canadian tariffs on $20 billion of U.S. exports went into effect Tuesday. A handful of U.S. states are likely to feel a big effect.
The Employment Trends Index, or ETI, rose to 108.53, from an upwardly revised 107.76 in July.
The country’s extraordinary export surge puts it on track to at least match last year’s record $1.2 trillion surplus.
Goods exported in July to fellow European Union nations, alongside the U.K. and China, all fell back, but exports to the U.S. jumped almost 20% on month.
The Australian government is pushing toward stricter rules for technology giants with plans to introduce new requirements that would give social media users the ability to opt out of algorithms that shape their social media feeds.
Exports have become a key pillar of support for the Chinese economy, helping to sustain growth amid tepid domestic consumption.
The Japanese currency rose to its strongest intraday level since late February, extending a recovery that gathered momentum last week.
The bloc’s GDP picked up more rapidly than previously estimated in the quarter through June, but that resilience will be tested if the Iran war continues to block the Strait of Hormuz.
China’s foreign-exchange reserves edged higher in August against the backdrop of a weaker dollar and a surging trade surplus, renewing concerns about the yuan’s appreciation.
Output fell 1.1% on month after a flat reading in June, the country’s statistics agency Destatis said Monday.
The country is adding around 80,000 new jobs a month, an improvement from last year, but workers are still wary of job hopping.
Focus in the coming week will center firmly on U.S. inflation data as investors gauge whether the Federal Reserve could raise interest rates in the coming months, and possibly as early as this month.
A hotter-than-expected jobs report is sending U.S. stocks and bond prices lower, as traders boost bets on a rate increase from the Federal Reserve this month.
The unemployment rate remained at 6.4%, despite employers in the country cutting a net 41,700 jobs last month.
The unemployment rate stayed at 4.1%, a historically low level that indicates the labor market remains generally healthy.
Businesses expect the prices they charge to rise by 3.8% over the coming 12 months, a decrease from the 3.9% expected in July.
U.S. Treasury yields jump after significantly stronger-than-expected employment data for August lifted expectations of a Federal Reserve rate hike at the Sept. 16 meeting.
Eurozone retail sales fell unexpectedly in July, a sign that the currency area’s resilience in the face of high energy prices might be faltering even as separate figures pointed to a continued recovery in German industry.
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