Jun 15 Fed pauses interest rate hikes after 15 Months ABC News
Jun 14 American workers are becoming less productive CNN Business
Jun 13 Inflation drops in May Fox News 4%
Jun 13 Food prices outpacing overall annual inflation CBS News 6.7%
Jun 08 Jobless claims jump more than expected to highest level since 2021 Fox Business +28k
Jun 02 Jobs added in May beat expectations CNBC +339k
Jun 02 Unemployment rate up 0.3% 3.7%
May 23 New homes sales up 4% Axios 683k
May 18 Sales of Existing Homes Fell in April Investopedia 3.4%
May 18 Initial Jobless claims 242k
CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak

The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June and down from April’s 4.9% increase.

Inflation’s Retreat Gives Fed Wiggle Room

A rate hiking pause, and even a halt, just got more likely.

Inflation drops in May, but not enough to slow interest rate hikes

Inflation dropped in May, reaching nearly half of its peak last Summer. And while the decrease could cause the Fed to pause its rate hikes in June, the rate hikes could continue this year.

Inflation is cooling. Make these 3 smart moves now.

With signs that inflation may be cooling it is imperative for Americans to make the right financial moves now.

Pay raises just caught up with inflation for the first time in 2 years

Average wages grew faster in May than prices. It could be the start of some economic momentum for workers who have struggled to keep up.

US weekly jobless claims race to 1-1/2-year high, economists urge caution

The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1-1/2 years last week, but layoffs are probably not accelerating as the data covered the Memorial Day holiday,

SNP: Sunak trashing economy 'wee bit slower' than Truss?

Mhairi Black said UK interest rates were among the highest in the G7 and mortgages rates were rising, despite the claims of economic stability from Rishi Sunak. Oliver Dowden pointed out that the Organisation for Economic Co-operation and Development (OECD) had upgraded its growth forecast for the UK.

Economy class airplane bunkbeds get seal of approval as launch moves closer

Air New Zealand’s SkyNest, the upcoming reimagined economy class seating offering bunk beds in the skies, was among the winners at this year’s Crystal Cabin Awards, which celebrate innovation in airplane cabin interiors.

Thai Coalition Says Early Government Formation Vital for Economy

A coalition of Thai pro-democracy parties said a faster certification of the results of the May 14 vote can pave the way for an early government formation as it’s key to a non-disruptive budget transition to stimulate Southeast Asia’s second-largest economy.

Commercial real estate crash still looming over US economy

The commercial real estate market could see prices fall 40% this year due to several headwinds, including high interest rates and a possible credit crunch.

President Biden's on-stage fall serves as a 'metaphor' for US economy, ex-CEO rips

President Biden's surprise tumble last week represents a metaphor for the "falling, stumbling" U.S. economy, former CKE Restaurants CEO Andy Puzder claims.

AI eliminated nearly 4,000 jobs in May, report says

In March, investment bank Goldman Sachs predicted in a report that AI could eventually replace 300 million full-time jobs globally and affect nearly one-fifth of employment — with a particular hit to white-collar jobs often considered automation-proof, such as administrative and legal professions.

The job market held up in May. But the Fed may have already decided to pause

The US labor market picked up momentum in May, once again defying expectations of a slowdown. But Federal Reserve officials are still likely to suspend rate hikes in their upcoming policy meeting because of broader trends pointing to a weakened economy later in the year.

US job growth unexpectedly jumps in May as economy adds 339,000 new positions

The May jobs report released Friday provided a key look at the labor market's health amid the Federal Reserve's aggressive interest rate-hike campaign.

Employers add 339,000 jobs in May, strong growth that defies head winds

For months, employers have churned out jobs at a rate that has baffled economists. And the labor market has propelled the economy through a barrage of forces that would normally weigh on jobs creation.

May jobs report released: Booming 339,000 jobs added as unemployment rises to 3.7%

U.S. hiring accelerated in May as employers added a booming 339,000 jobs and the labor market continued to shrug off high interest rates and persistent inflation.

Reckless spending and inflation are forcing many Americans to 'unretire'

Prices seemed to be coming down, but recent data signal that the end of elevated inflation remains elusive. The consumer price index (CPI) rose 4.9% in April from a year prior. This is below the generational high of 9.1% in June 2022.

New home sales rise as buyers run out of options in the resale market

The strength in new home sales was also driven by a massive jump in sales in the south. Overall, new home sales are trending higher as buyers grapple with a low level of home listings in the existing home sales market.

U.S. new home sales rose 4.1% to an annual rate of 683,000 in April, from a revised 656,000 in the prior month, the Commerce Department reported Tuesday. 

US home prices fall by most in 11 years but sales are down

In April, sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — dropped 3.4% from March. Annually, sales were down 23% from a year ago and the seasonally adjusted annualized sales pace dropped from 5.57 million units a year ago to 4.28 million in April.

U.S. Leading Indicators Index Falls for 13th Straight Month

The U.S. leading economic index fell 0.6% in April, according to the nonprofit Conference Board. The index, which dropped 1.2% in March, has now declined for 13 consecutive months, indicating that the U.S. economy continues to inch toward a potential recession.

Initial jobless claims fell last week as fraudulent activity in Massachusetts clouds data

The number of first-time claims for weekly jobless benefits fell last week to 242,000, down 22,000 from 264,000 the week before, according to data published Thursday by the Department of Labor.

Continuing claims, which are filed by people who have received jobless benefits for more than one week, dipped to 1.799 million for the week ended May 6 from a revised 1.807 million the week prior.

New home construction ticked up in April, signaling a rise in demand

The number of new home construction projects rose 2.2% in April from the month before, according to the Commerce Department. Permits for new single-family homes rose too.

Housing starts are still way down since this time last year, but the recent uptick in construction is telling us there’s a lot of demand for new homes.

Retail sales rise as job market remains strong. But is inflation slowing down?

Retail sales increased 0.4% in April from March when it was down 0.7%. It marked the first increase since January when unusually warm weather and a big jump in Social Security benefits likely spurred more spending.

Retail Sales Rebound Slightly In April, As Consumers Keep Spending

April’s slight rebound further illustrates the difficulty the Federal Reserve has had in bringing inflation under control.

Compared to the prior year, sales were up 1.6% above April, 2022. Total sales, including food services, were $686.1 billion for April.

'Inflation is cooling': Grocery costs slow, curbing stubbornly high consumer prices

Inflation slowed for a tenth straight month in April as another drop in grocery bills offset a rebound in gasoline costs, providing some relief to Americans squeezed by a two-year run-up in prices.