The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances. Rates are inching even closer to 7%, and Read more
Tag: Pace
RBA slows pace of rate increases as household budgets tighten
SYDNEY–The Reserve Bank of Australia slowed the pace of recent interest-rate increases at a policy meeting Tuesday, citing a deterioration in the global economic outlook and growing concern about tightening Read more
GDP shrank at 0.6% annual pace in second quarter, but it wasn’t all bad news
The numbers: The economy contracted at an annual 0.6% pace in the second quarter, updated figures show, as high inflation and rising interest rates sapped U.S. growth. Initially the government Read more
Disney, Intel and Apple set pace as Dow industrials advance by 165 points
Disney, Intel and Apple set pace as Dow industrials advance by 165 points
U.S. factories grow at slowest pace in two years, ISM finds. New orders fall again in bad omen
The numbers: A key barometer of American factories fell to a 25-month low of 52.8% in July in a sign of creeping weakness in the U.S. economy. The good news? Inflation Read more
Singapore’s overall employment rises at faster pace in second quarter
SINGAPORE — Singapore’s overall employment rose at a faster pace in the second quarter of this year than in the prior quarter, thanks to a steady increase in resident employment Read more
Dow up 200 points as Honeywell, Boeing, Walmart, Nike pace intraday reversal
Dow up 200 points as Honeywell, Boeing, Walmart, Nike pace intraday reversal
German producer prices rise at a slower pace in June
Germany’s producer prices rose strongly year-on-year in June driven by higher energy prices, but at a slower pace than in the previous month, when they posted their largest increase on Read more
U.S. businesses grow at slowest pace in 2 years, ISM shows, as economy softens
The numbers: An ISM barometer of business conditions at service-oriented companies such as restaurants, hotels and retailers fell slightly to 55.3% in June and hit the lowest level in two years Read more
U.S. manufacturers grow at slowest pace in 2 years, ISM finds, as demand softens
The numbers: The ISM barometer of American factories fell 3.1 points to a two-year low of 53% in June in another sign the U.S. economy is slowing. High inflation is still Read more