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2 days ago | 
gurutrade.com | Lucia Mutikani |Franklin Paul |Andrea Ricci
Sales of new homes fall 13.7% in May, biggest drop since June 2022
New housing inventory highest since late 2007
Median new house price increases 3.0% to $426,600 from year ago
WASHINGTON, June 25 (Reuters) - Sales of new U.S. single-family homes fell by the most in nearly three years in May as high mortgage rates and rising economic uncertainty sapped demand, lifting the supply of unsold houses on the market to the highest level since late 2007.
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4 days ago | 
today.westlaw.com | Howard Schneider |Dan Burns |Andrea Ricci
WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell begins two days of congressional testimony on Tuesday under fire from President Donald Trump for not cutting interest rates but with his status as head of the central bank seemingly...
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1 week ago | 
today.westlaw.com | Dan Burns |Andrea Ricci |Michael S. Derby |Ann Saphir
(Reuters) -The Federal Reserve's latest Monetary Policy Report to Congress, released on Friday, said U.S. inflation is somewhat elevated and the labor market is in solid shape, but suggested that President Donald Trump's tariffs have likely only...
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1 week ago | 
today.westlaw.com | Trevor Hunnicutt |Bhargav Acharya |Andrea Ricci |Scott Malone
WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday extended to September 17 a deadline for China-based ByteDance to divest the U.S. assets of short-video app TikTok despite a law that mandated a sale or shutdown without significant...
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1 week ago | 
gurutrade.com | Lucia Mutikani |Chizu Nomiyama |Andrea Ricci
Weekly jobless claims fall 5,000 to 245,000
Layoffs reported in a range of industries in prior week
Continuing claims decrease 6,000 to 1.945 million
Single-family building permits drop 2.7% in May
WASHINGTON, June 18 (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week, but stayed at levels consistent with a further loss of labor market momentum in June and softening economic activity.
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2 weeks ago | 
gurutrade.com | Lucia Mutikani |Nick Zieminski |Chizu Nomiyama |Andrea Ricci
Consumer price index increases 0.1% in May
Foods prices rise 0.3%; but eggs a bit cheaper
CPI advances 2.4% year-on-year
Core CPI gains 0.1%; increases 2.8% year-on-year
WASHINGTON, June 11 (Reuters) - U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher housing costs, but inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.
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3 weeks ago | 
today.westlaw.com | Andrea Ricci |Michael S. Derby |Lisa Shumaker |Leslie Adler
WASHINGTON (Reuters) -The Federal Reserve announced on Friday that Michael Horowitz will serve as the central bank's new inspector general. Horowitz, who most recently served as the Justice Department's inspector general, or IG, replaces Mark Bialek,...
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3 weeks ago | 
today.westlaw.com | Paul Simao |Andrea Ricci |Michael S. Derby |Ann Saphir
(Reuters) -Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report on Friday showing the labor market is far from crumbling amid big trade policy changes only cements that stance.
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3 weeks ago | 
today.westlaw.com | Chizu Nomiyama |Andrea Ricci |Pete Schroeder
WASHINGTON (Reuters) -The Federal Reserve's new top regulatory official on Friday laid out an ambitious agenda for revisiting and easing numerous bank rules and oversight policies which she argued have become onerous and unnecessary.
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3 weeks ago | 
gurutrade.com | Marcela Ayres |Brad Haynes |Toby Chopra |Andrea Ricci
BRASILIA, (Reuters) - Brazil sold $2.75 billion in dollar-denominated sovereign bonds on Wednesday, the treasury said, marking its second international issuance this year as the country capitalizes on declining default risk.
The government sold $1.5 billion through a new five-year bond maturing in 2030, with a yield of 5.68%, and an additional $1.25 billion through a reopening of its 10-year benchmark Global 2035 bond, with a 6.73% yield.
