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Noticias Financieras – UP2DATE News de Advise Financial
12 de September de 2024
In UP2DATE News you will find the main Financial and Economic News for the week ending September 19th, 2024.
Fed cuts interest rates
The Federal Reserve has cut interest rates by 0.5% to aid struggling households and businesses. This action aims to alleviate economic pressure and prevent job losses, while keeping an eye on the declining but still concerning inflation.
Source: Washington Post
US Retail Sales Unexpectedly Increase
US retail sales unexpectedly increased in August, driven by online sales despite mixed results at some merchants. The overall trend indicates strong consumer demand.
Source: Bloomberg
US homebuilder sentiment surge
U.S. homebuilders' sentiment has surged following the Fed's rate cut, with lower mortgage rates expected to boost demand and homebuilding activity. Home improvement chains have also experienced gains.
Source: Reuters
Mortgage rates falls to two-year low
US mortgage rates dropped to a two-year low last week as a result of anticipation of a Fed rate cut, leading to a surge in loan applications.
Source: Yahoo Finances
US manufacturing output rebounds
US factory production increased in August, but the data for the previous month was revised downward, suggesting continued sluggishness in manufacturing. Overall industrial production saw a 0.8% rise in August.
Source: Reuters
US jobless claims fall to the lowest in 4 months
The number of Americans filing for unemployment benefits dropped to 219,000 last week, marking the lowest figure in four months. This decrease indicates a stabilizing job market.
Source: ABCNews
In UP2DATE News from Advise Financial you will find the main financial and financial news for all the weeks
Note: does not represent advice or offer of services, only for educational purposes.
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