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Income, spending weak in July

posted by pipsmgee 1365 days ago in USD, Fundamental made popular 1365 days ago

After turning in a strong second-quarter performance, the economy's stumbled out of the gates to start the third quarter, judging from new government data released Friday.

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Second-quarter growth revised significantly higher

posted by pipsmgee 1366 days ago in USD, Fundamental, GDP made popular 1366 days ago

U.S. economic growth in the second quarter was much stronger than previously believed, but it could represent the high-water mark for the economy for at least the next year.

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Growth revised much higher in second quarter

posted by pipsmgee 1367 days ago in USD, Fundamental, GDP made popular 1367 days ago

U.S. economic growth in the second quarter was a whole lot stronger than previously believed, but may represent the high-water mark for the economy for at least the next year.

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U.S. July durable goods orders rise surprising 1.3%

posted by pipsmgee 1368 days ago in USD, Fundamental, Manufacturing made popular 1368 days ago

Orders for U.S.-made durable goods surged in July, rising 1.3% on strong transportation equipment demand, the Commerce Department reported Wednesday

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Sales of existing homes rise but so do inventories

posted by pipsmgee 1369 days ago in USD, Fundamental, Housing made popular 1369 days ago

Resales of U.S. single-family homes and condominiums rose in July but inventories also increased, reaching record levels, data showed Monday

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U.S. trade gap falls on record export

posted by pipsmgee 1383 days ago in USD, Fundamental, Trade

The U.S. trade deficit narrowed by 4.1% to $56.8 billion in June on record exports and a decline in non-oil imports, the Commerce Department estimated Tuesday.

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Fed holds steady, keeps options open

posted by pipsmgee 1389 days ago in USD, Fundamental, Inflation made popular 1389 days ago

Stuck between the feeble economy and high prices, the Federal Reserve kept its benchmark federal funds rate unchanged Tuesday at 2%.

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ADP shows 9,000 private-sector jobs added in July

posted by pipsmgee 1396 days ago in USD, Fundamental, Employment

U.S. private-sector employment rose by 9,000 in July, according to the ADP employment index released Wednesday.

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U.S. to post record-high budget deficit in 2009

posted by pipsmgee 1398 days ago in USD, Fundamental, Trade

The U.S. is on track to post a record-high budget deficit in 2009 thanks to the ongoing economic slump and stimulus checks to consumers, the White House announced Monday.

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Leading indicators dip in June

posted by pipsmgee 1405 days ago in USD, Fundamental made popular 1405 days ago

The economy may weaken further this year, an economist with the Conference Board said Monday on a report that a key gauge of the economy dipped slightly in June.

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Single-family home starts drop to 17-year low

posted by pipsmgee 1407 days ago in USD, Fundamental, Housing

New construction of single-family homes fell 5.3% to a fresh 17-year low in June, while a change in building permit rules for multifamily units in New York City pushed up total starts by 9.1%, the Commerce Department reported Thursday.

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German June PPI Inflation Fastest Since March 1982

posted by pipsmgee 1408 days ago in EUR, Fundamental, Inflation made popular 1408 days ago

Adding to existing inflationary pressures, German producer prices rose at its fastest pace since March 1982, driven by energy prices.

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