WASHINGTON (Reuters) - U.S. small-business confidence jumped to the highest level in nearly 2-1/2 years in July, another indication that financial market fears of a recession following last month's increase in the unemployment rate were likely overblown. The National Federation of Independent Business (NFIB) said on Tuesday its Small Business Optimism Index rose 2.2 points to 93.7 last month, the...

(Reuters) - U.S. consumers' medium-term inflation expectations eased substantially in July even as their near- and longer-term outlooks for price pressures held steady, although households are increasingly worried about staying current on their debt, a Federal Reserve Bank of New York report showed on Monday. The median three-year inflation expectation dropped to 2.3% from 2.9% in June to register its...

(Reuters) - The U.S. government recorded a $244 billion budget deficit for July, up 10% from a year earlier, but accounting for calendar differences, the gap would have been $45 billion narrower, the Treasury Department said on Monday. The Treasury said last month's deficit climbed $23 billion from the $221 billion deficit recorded in July 2023. Economists polled by Reuters...

02:32 PM EDT, 08/12/2024 (MT Newswires) -- The New York Fed's inflation expectations survey for July showed no changes to the outlook for the one-year and five-year horizons, at 3% and 2.8% respectively, but the outlook for the three-year horizon fell to a record low of 2.3% from 2.9% in the June survey. The US Treasury reported a $243.74 billion...