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Economic activity in the non-manufacturing sector grew in March for the 87th consecutive month, the Institute of Supply Management reported on Wednesday. The institute’s non-manufacturing index hit 55.2 in March, down from 57.6 in the previous month. This represents continued growth in the non-manufacturing sector at a slower rate, the group said.
READ MOREA gauge of pending home sales declined in March as inventory continued to tighten. The National Association of Realtors’ index fell 0.8% to a reading of 111.4, the group said Thursday.
READ MOREMinutes from the Federal Reserve’s March meeting showed members anticipate gradual increases in the benchmark federal fund rate to continue this year while changes to the balance sheet are likely appropriate later in 2017 .
READ MOREThe number of Americans who applied for unemployment benefits last week sank by 25,000 to 234,000, marking the second-lowest level of the current economic expansion and reflecting a tight labor market in which firms say it’s hard to find good help. The bulk of the decline took place in the large states of California, New
READ MOREThe Atlanta Fed’s tracker for first-quarter growth forecasts a mere 0.2% increase after the latest round of economic data. The 0.2% growth would be the worst showing in three years. The Atlanta Fed’s GDPNow tracker was previously pointing to 0.5% growth. The Commerce Department releases its first estimate of first-quarter GDP on Friday
READ MOREThe government’s official scorecard for the U.S. economy pointed to the weakest growth in the first quarter in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months. Gross domestic product increased at a meager 0.7% annual pace in the first three months
READ MORELast month The University of Michigan’s Consumer Sentiment Index had a final reading of 96.9 for March, with consumers’ attitudes remaining “quite favorable,” data showed. However, the final reading came in below economists’ expectations, disappointing those who had been monitoring the numbers closely.
READ MOREInvestors face a fire hose of possible stock-market catalysts during another heavy week of earnings reports as the Federal Reserve holds its May policy meeting and a wealth of economic data is released, topped off by the April jobs report on Friday.
READ MORETreasury yields rose Friday as investors looked past a weak first-quarter U.S. growth to focus on a rise in the Federal Reserve’s favorite inflation measure, heightening expectations of a June rate increase.
READ MOREThe U.S. created just 98,000 new jobs in March to mark the smallest gain in almost a year, as hiring cooled off after a strong start in 2017. Economists polled by MarketWatch had predicted a 185,000 increase in nonfarm jobs. Yet the unemployment rate fell to 4.5% from 4.7% – the lowest level in almost
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