US Economy

A consumer-led US recovery is just around the corner

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US household spending remains at odds with a steadily improving labour market, but a higher dollar should drive stronger consumption growth in the year ahead.

US durable goods orders lift 0.4% in October

Increase driven by surge in military spending, underlying data show weakness.

US consumer spending picks up

by AFP
​New data show US consumer spending rose slightly in October after stalling in September.

US jobless claims jump above 300,000

by AP
Claims for unemployment benefits at highest level in nearly three months.

US consumer confidence dips in November

by AFP
US consumer confidence falls as views of current and future conditions darken.

US home price gains slow again

by AP
US home prices rose in September at the slowest pace in more than two years.

US economy grew 3.9% in Q3

by AFP
Revised third-quarter data show economy grew at stronger pace than first thought.

The low inflation pill gives the US a boost

The combination of benign inflation and economic growth in the US is helping the Fed to keep its foot off the rates pedal, for now.

The Week Ahead

Quarterly business investment figures will be a focus locally, while the US will release significant economic data including economic growth figures ahead of Thursday’s Thanksgiving Day holiday.

Aust miners accused of polluting Alaskan river

by AAP
Australian heads of a platinum mine indicted for conspiring to dump waste in Alaskan river.

US Fed to review of bank supervision

Fed launches sweeping review of its practices for supervising big banks in response to criticism.

US factory activity growth weakens

Flash purchasing managers' index at lowest level since polar vortex-hit January.

US home sales jump in October

by AP
Americans bought homes in October at the briskest pace this year.

US homebuilder confidence lifts in November

NAHB index jumps four points, provides a hopeful signal for housing recovery.

US producer prices lift in October

Upward price pressures surprise expectations, driven by trade services.

US consumer prices steady in October

Print reflects impact of soft energy prices, sluggish global growth.

US jobless claims fall to 291,000

Decrease slightly lower than expected, now below 300,000 for ten consecutive weeks.

Scoreboard: Iron ore misery

Iron ore prices dropped to a new five-year low, while Wall Street weakened following the release of Federal Reserve minutes.

Fed outlines fears of low inflation

Latest Fed minutes detail inflation concerns, point to caution on rate moves.

US housing starts fall 2.8% in October

Commerce Department print disappoints expectations of a small rise, but building permits rise.