Fed Minutes: Economy Humming, But Concerns About Trade Squabble

The Federal Reserve intends to press ahead with interest rate hikes despite mounting concerns about a possible trade war, according to the minutes of the Fed’s June meeting. At that meeting, the Fed raised rates and projected four rate increases in 2018 instead of three previously planned. The central bank, ...

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U.S. Service Sector Growth Unexpectedly Accelerates In June

A report released by the Institute for Supply Management on Thursday showed growth in activity in the U.S. service sector unexpectedly accelerated in the month of June. The ISM said its non-manufacturing index rose to 59.1 in June after climbing to 58.6 in May, with a reading above 50 indicating ...

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U.S. Weekly Jobless Claims Unexpectedly Inch Up To 231,000

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing a modest uptick in first-time claims for U.S. unemployment benefits in the week ended June 30th. The report said initial jobless claims inched up to 231,000, an ...

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