Australia’s Central Bank Raises Rates for Third Straight Meeting
The Reserve Bank of Australia delivered its third consecutive interest-rate increase, citing a deteriorating inflation outlook and warning of “plausible” scenarios where fuel-price pressures rise more than expected. Source link
U.S. Trade Deficit Grew in March
U.S. imports rose faster than exports in March, pushing up the U.S. trade deficit, according to data published by the Commerce Department. Source link
U.S. New Home Sales Rose in March
Sales of new single-family homes rose to 682,000 in March, from 635,000 in February. A consensus of economists polled by The Wall Street Journal expected 660,000 sales in March. Source…
March Labor Market Was Stable, if Sluggish
Hiring picked up in March, but the rate of job openings ticked down to 4.1%, emphasizing a continued stretch of relatively low dynamism in the market. Source link
U.S. Services-Sector Activity Continued to Expand in April
The Institute for Supply Management’s purchasing managers index for services providers was 53.6, suggesting continued expansion, though price pressures from the war in Iran weighed on growth. Source link
Canada Swings to First Goods-Trade Surplus in Six Months
Canada for March recorded a merchandise-trade surplus of C$1.78 billion, the equivalent of about US$1.31 billion, Statistics Canada said. Source link
ECB Tracker Points to Slower Wage Growth in 2026
Eurozone wage growth is set to slow this year, despite the rise in energy prices that has accompanied the conflict in the Middle East, according to the European Central Bank.…
Trump’s latest tariff threat is a wake-up call for U.S. trade partners
The president’s plan to raise tariffs on EU cars shows how little protection trade deals offer. Source link
The job market is starting to show glimmers of good news with some solid data this week. The real test will come with the April jobs report on Friday.
Solid data this week suggest the labor market is picking up. The real test will come with the April jobs report on Friday. Source link
While real estate far from big cities is cheaper, fueling up for long commutes has become painful
While real estate far from big cities is cheaper, filling up for long drives has become painful. Source link
