Sales of new U.S. single-family homes fell to 580,000 in May, from 626,000 in April, compared with economists’ expectations of 632,000 sales in May.
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U.S. New Home Sales Fell in May
Consumer prices continued to rise quickly in May, as the run-up in energy costs from the war with Iran pushed up overall inflation
Consumer prices rose at their fastest pace in three years, but were in line with expectations. Source link
China, U.S. Reach Limited Trade Agreements on Boeing Jets, Beef Imports
China agreed to purchase 200 Boeing jets and resume imports of some U.S. beef products, marking one of the clearest signs yet of easing trade […]
Fitch Cuts Global Growth Outlook in Latest Downgrade to Capture Mideast Impact
The oil shock triggered by the U.S.-Iran conflict has damaged the global economy’s prospects, Fitch Ratings warned. Source link