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Inflation was driven by a surge in household energy costs and reached the highest annual rate since March, when prices spiked following the outbreak of the war in Iran.
The levies were set to affect 5% of Canadian exports to the U.S. and risked escalation into a broader trade conflict.
Housing starts fell sharply below expectations in July as home-builder sentiment remained muted.
Housing starts across Canada came in at a seasonally adjusted annualized rate of 229,074 units, a 4.9% decline from the month before and below expectations of about 250,000 residential housing projects.
U.S. import prices decreased in July, driven by lower prices for fuel imports, according to data from the Bureau of Labor Statistics.
Sentiment climbed again on a bumper earnings season, while the economy overcomes some of the shock of the war in Iran.
Unemployment in the U.K. was unchanged in the three months through June, while wage growth edged up slightly.
The NAHB/Wells Fargo Housing Market Index inched up to 35 in August from 34 in July as concerns about high mortgage rates, rising construction costs and the economy persisted.
The Federal Reserve Bank of New York said that its statewide manufacturing index of business conditions rose to 20.6, its highest reading in four years.
The consumer-price index rose 0.5% in July, bringing the annual inflation rate to 3%, Statistics Canada said.
America’s housing affordability crisis is leading more home buyers and flippers to give dilapidated Baltimore homes a fresh look.
By becoming market makers of last resort, policymakers are pumping up leverage and risk.
Consumers’ economic mood is weaker this month versus July, according to preliminary results from the University of Michigan’s monthly survey.
Retailers’ sales fell by 0.6% last month to $763.6 billion, versus the 0.2% growth recorded in June.
The trade surplus in goods for the 21-nation currency area was €1.8 billion in June, from a deficit of €6.1 billion in May.
A new report estimates illegal transshipment has cost the U.S. an estimated $19 billion to $26 billion in annual tariff revenue.
The White House said the drone tariff program will protect the security of the U.S. and its defense and defense-adjacent industrial base.
The number of people who filed for unemployment benefits was 209,000 in the week through Aug. 8, higher than the 204,000 claims expected by economists.
The producer-price index was flat in July, after falling by 0.1% in June, as energy prices edged down, the Labor Department said.
The stock market thinks the economy is accelerating. Don’t expect jobs to follow.
Apple, Nike and FedEx are just some of the companies that are recovering big sums relatively quickly.
The Mexican counteroffer would apply levies on only a small portion of a car’s value—potentially lowering final tariffs for many vehicles.
The consumer-price index came in as expected: not soft enough to take a rate increase off the table, not firm enough to force one.
Here’s how the consumer-price index is put together, and the ways economists study this and other indicators to track inflation.
Existing home sales were down 1.7% over the previous month, and the median home price rose to $434,100, a near record high.
The Employment Trends Index increased to 107.71 from an upwardly revised reading of 106.74 in June, suggesting potential payroll growth ahead.
A smaller supply of potential workers is keeping unemployment low, but it is a challenge for the economy at large.
Jobs and unemployment sent conflicting signals, but fewer people were actively looking for work. The unemployment rate fell to 4.1%.
Retail sales in the eurozone fell in June and was the second decline in the four full months since the start of the war against Iran.
U.S. monthly jobs data for July will provide the focus of attention as investors gauge the prospects for interest rates over the next few months.
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