U.S. Existing Home Sales Show Sharp Pullback In November
A report released by the National Association of Realtors on Thursday showed a much bigger than expected pullback in U.S. existing home sales in the month of November. NAR said existing home sales tumbled by 1.7 percent to an annual rate of 5.35 million in November after jumping by 1.5 percent to a revised 5.44 million in October.
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U.S. New Home Sales Show Sharp Increase From Downwardly Revised Level
A report released by the Commerce Department on Monday showed a significant increase in U.S. new home sales in the month of November. The Commerce Department said new home sales jumped by 1.3 percent to an annual rate of 719,000 after plunging by 2.7 percent to a revised rate of 710,000 in October.
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U.S. Trade Deficit Narrows To Smallest In Three Years
With exports rising and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed significantly in the month of November. The report said the trade deficit narrowed to $43.1 billion in November from a revised $46.9 billion in October. The trade deficit shrank to its smallest since hitting $42.0 billion in October 2016.
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U.S. Consumer Prices Rise 0.2% In December, Less Than Expected
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Consumer prices in the U.S. increased by slightly less than anticipated in the month of December, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in December after climbing by 0.3 percent in November. Economists had been expecting another 0.3 percent increase.
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Fed's Beige Book Notes Continued Modest U.S. Economic Growth
In a look back at the final six weeks of 2019, the Federal Reserve's Beige Book said Wednesday that U.S. economic activity generally continued to expand modestly. The Beige Book noted the Dallas and Richmond Districts saw above-average growth, while Philadelphia, St. Louis, and Kansas City reported sub-par growth.
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U.S. Durable Goods Orders Rebound More Than Expected In December
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New orders for U.S. manufactured durable goods rebounded by much more than anticipated in the month of December, according to a report released by the Commerce Department on Tuesday. The report said durable goods orders surged up by 2.4 percent in December after tumbling by a revised 3.1 percent in November. Economists had expected durable goods orders to rise by 0.5 percent.
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U.S. Pending Home Sales Unexpectedly Pull Back Sharply In December
Pending home sales in the U.S. unexpectedly showed a sharp pullback in the month of December, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index plunged by 4.9 percent in December after jumping by 1.2 percent in November. Economists had expected pending home sales to rise by 0.5 percent.
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