financetom
Economy
financetom
/
Economy
/
Daily Roundup of Key US Economic Data for Oct. 15
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Daily Roundup of Key US Economic Data for Oct. 15
Oct 17, 2024 12:56 PM

02:57 PM EDT, 10/15/2024 (MT Newswires) -- The Empire State index, the first manufacturing reading for October, fell to minus 11.9 from 11.5 in September, indicating a return to contraction in regional factory sector.

Redbook reported that US same-store retail sales were up 5.6% year-over-year in the week ended Oct. 12, slightly faster than a 5.4% gain in the prior week as fall sales began to pick up due to cooler weather.

The New York Fed's inflation expectations survey for September showed no change in inflation expectations for the one-year horizon, remaining at 3% for a fourth straight month, but upward adjustments for the three-year and five-year horizons.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Goldman Sachs Lowers US Recession Risk To 15% After Robust Jobs Data
Goldman Sachs Lowers US Recession Risk To 15% After Robust Jobs Data
Oct 7, 2024
Goldman Sachs has reduced the likelihood of a U.S. recession in the coming year to 15%. This revision follows a strong employment report for September. What Happened: The Labor Department’s figures showed that U.S. job growth reached its highest level in six months, with unemployment dropping to 4.1%. This shift has changed the labor market narrative, according to Goldman Sachs...
Goldman Sachs lowers odds of US recession to 15% after better-than-expected jobs report
Goldman Sachs lowers odds of US recession to 15% after better-than-expected jobs report
Oct 7, 2024
(Reuters) - Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months by five percentage points to 15%, following the latest employment report that showed better-than-expected data. U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, the Labor Department reported on...
Bitcoin Approaches $64K Amid Growing Optimism For 'Soft Landing' And A 'Goldilocks' US Economy
Bitcoin Approaches $64K Amid Growing Optimism For 'Soft Landing' And A 'Goldilocks' US Economy
Oct 7, 2024
Bitcoin (CRYPTO: BTC) has seen a notable increase of 1.08% over the past 24 hours, approaching the $64,000 mark. This surge is attributed to positive U.S. employment data and the anticipated reduction in interest rates. What Happened: The cryptocurrency is currently trading at $63,526, recovering from a recent dip near $60,000 last Thursday. This rebound aligns with the U.S. monthly...
US Job Growth Surges, Market Euphoria Predicted To Top, And Musk Foresees Bankruptcy: This Week In Economics
US Job Growth Surges, Market Euphoria Predicted To Top, And Musk Foresees Bankruptcy: This Week In Economics
Oct 6, 2024
The past week has been a rollercoaster ride for the U.S. economy. From a surprising surge in job growth to predictions of market euphoria topping soon and Elon Musk’s alarming bankruptcy prediction for the U.S., there’s a lot to unpack. Let’s dive into the top stories of the week. US Economy Adds 254,000 New Jobs In September The U.S. labor...
Copyright 2023-2025 - www.financetom.com All Rights Reserved