Here is the latest Economic News from CNBC.
Trump’s ‘Make America Great Again’ motto could fall flat for Cleveland
Trump’s campaign slogan may jibe well with many Americans, but it may be antithetical with Cleveland’s economy.
These 5 states could be biggest casualties in Trump immigration war
Critics say Trump’s immigration policies will wreck the economy. These five states in particular could suffer the most.
Homebuilder sentiment stalls; seeing ‘scattered softness’: NAHB
U.S. homebuilders lost a little faith in their market in July, as foot traffic of potential buyers thinned.
Seven signs that the US jobs picture is still weak
The health of U.S. employment, despite the strong rebound in June, remains a work in progress.
Robust June sales numbers show spending picked up in the spring
U.S. retail sales posted a healthy increase in June, another sign that consumer spending picked up in the spring.
US consumer prices maintain gains on rising housing, health care costs
Inflation rose for a fourth straight month as Americans paid more for housing, gas and health care, pointing to rising inflation pressures.
Industrial output surges in June, boosted by autos
U.S. industrial production rose more than expected in June on large gains in automotive manufacturing and utility output, the Federal Reserve said.
Online prices actually point to deflation, not inflation
Billions of online transactions tracked by Adobe show deflation is rampant across several consumer categories.
US jobless claims unchanged as labor market picks up speed
The number of Americans filing for benefits held at lower levels, pointing to momentum in the labor market after job growth surged in June.
US producer prices post largest gain in a year
The Labor Department said Thursday its producer price index for final demand rose 0.5 percent in June, versus analysts’ expectations of 0.3 percent.
Fed’s Mester heartened by US job rebound in June, expects gradual rate rises
The sharp rebound in U.S. job growth last month eased concerns that the country’s labor market had regressed, a top Fed official said on Wednesday.
Mortgage refinances surge 11%, as rates drop to three-year low
The Brexit-induced boomlet in mortgage refinances is still cooking with gas.
Fed’s Kashkari says no urgency to raise US interest rates
The Fed should not be in any hurry to raise rates because inflation is low and the economy is still short of full employment, a top Fed official said.
Despite blowout jobs report, Fed’s Bullard sticks with single rate hike view
The St. Louis Fed president on Tuesday stuck with his view that only a single interest rate increase will be needed for the foreseeable future.
US wholesale inventories rise, sales extend gains
U.S. wholesale inventories rose marginally in May as automobile stocks tumbled.
Job openings slip in May