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US consumer inflation rises above 4% amid Iran conflict energy surge
U.S. consumer inflation rose 4.2% in May, driven by energy price spikes linked to the Iran conflict, pressuring households and influencing Fed policy.
US existing home sales rise 3.2% in May despite mortgage challenges
U.S. existing home sales increased 3.2% in May to 4.17 million units, exceeding forecasts despite rising mortgage rates and tight inventory.
US public’s inflation expectations steady in May despite Middle East conflict
The New York Fed survey shows US public inflation expectations largely unchanged in may amid middle east tensions and rising gasoline prices.
US economy posts third straight month of strong job growth
The US economy added 172,000 jobs in may, marking the third consecutive month of strong job growth amid steady unemployment at 4.3%.
US services sector expands in May amid rising supply costs
U.S. services sector activity grew in May with rising prices driven by supply constraints linked to the Middle East conflict, impacting inflation and inventories.
Fed survey shows inflation pressures squeeze US consumers and businesses
Federal Reserve reports inflation pressures driven by energy costs are squeezing US consumers and businesses, impacting spending and hiring.
US job openings rise sharply in April despite weak hiring amid Iran war uncertainty
U.S. job openings surged by 731,000 in April, reaching the highest level since May, while hiring declined amid economic uncertainty from the Iran war.
US manufacturing activity hits four-year high amid supply constraints
U.S. manufacturing activity reached its highest level in four years in May, driven by front-loaded orders amid rising prices and supply chain disruptions linked to the Iran conflict.
US mortgage rate hits nine-month high amid inflation and supply issues
The average 30-year fixed mortgage rate in the U.S. rose to 6.65%, the highest in nine months, driven by inflation and limited housing supply.
Investors expect US dollar to strengthen as fed fights inflation
Investors expect the US dollar to break higher amid Federal Reserve efforts to combat rising inflation and geopolitical tensions affecting markets.
US consumer confidence dips in May amid inflation and labor worries
U.S. consumer confidence eased in May due to inflation concerns linked to the Iran war and pessimism about the labor market, according to the Conference Board.
US labor market shows resilience despite inflation and war impact
The US labor market remains stable despite rising inflation and war-related disruptions, while housing starts decline amid higher mortgage rates and costs.
