Purchases of U.S. new homes fell in May to the lowest level on record after a tax credit expired, showing the market remains dependent on government support.
The number of Americans filing first- time claims for unemployment insurance payments declined last week, pointing to gradual improvement in the labor market.
The world’s largest economy will probably keep cooling in the third quarter as a lack of jobs prompts American consumers to rein in spending.
Services from banking to transportation grew more slowly in November, pointing to a U.S. economy that is making progress in fits and starts heading into the new year.
The U.S. economy grew at a 2.7 percent annual rate in the first quarter, less than previously calculated, reflecting a smaller gain in consumer spending and a bigger trade gap.
Business investment in the U.S. picked up in the second quarter, helping sustain the economic recovery, June data on durable goods showed today.
Treasuries tumbled, pushing the 10- year note yield up the most since June 2009, after President Barack Obama agreed to extend tax cuts for two years and the three-year note sale drew the lowest demand since February.
"We expect a generally positive tone from this month's jobs report."
- Jay Feldman on Apr 26, 2014