U.S. factory output slumped 0.5% in September, as a strike at General Motors caused a steep decline in auto production amid broader struggles for manufacturers.

US weekly jobless claims rise modestly

Posted on October 17, 2019, Updated:October 17, 2019 by RSS Robot

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The weekly jobless claims data suggested the labor market continues to tighten despite slowing hiring and economic growth.

US housing starts fall from a 12-year high

Posted on October 17, 2019, Updated:October 17, 2019 by RSS Robot

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U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month.

US retail sales unexpectedly decline in a sign that consumer economy could be cracking

Posted on October 16, 2019, Updated:October 16, 2019 by RSS Robot

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Retail sales dropped 0.3% last month as households cut back spending on motor vehicles, building materials, hobbies and online purchases.

Weekly mortgage refinance applications rise, even as home purchase demand falls

Posted on October 16, 2019, Updated:October 16, 2019 by RSS Robot

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Mortgage interest rates rose last week, but that didn’t throw any cold water on the mini-refinance boom that’s been going on for the last month.

‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says

Posted on October 16, 2019, Updated:October 16, 2019 by RSS Robot

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‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says

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“Even if we don’t have a recession … I think it’s pretty clear that we’re going to have a much weaker economy,” says Mark Zandi.

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Category Archives: RSS – Financial News

US consumer confidence dips in October, misses expectations

Home price gains heat up in August but lag in major markets: S&P Case-Shiller index says

Fed to cut rates again, but other economic concerns are emerging ahead of election: CNBC survey

Fed’s Evans says no more rate cuts are needed through 2020

GM strike pushed US factory output down 0.5% in September

US weekly jobless claims rise modestly

US housing starts fall from a 12-year high

US retail sales unexpectedly decline in a sign that consumer economy could be cracking

Weekly mortgage refinance applications rise, even as home purchase demand falls

‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says

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