Prior was -0.7% (revised to -0.8%)
Sales -2.5% y/y vs -1.0% expected (biggest drop in 7 months)
Prior sales -0.5% y/y (revised to -0.7%)
For all the bright spots in the US economy, it hasn't been a great year for housing. And with Powell sounding like at least four more rate hikes are coming, it's not going to have much help in the years ahead.
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China retail sales drop 0.6% in May, first fall in 3 yrs. Growth outlook dims as consumer spending falters.
BOJ hikes rates to 31-yr high, yen sinks. Bitcoin traders watch yen shorts at 9-yr peak.
investingLive Asia-Pacific FX news wrap: BOJ hikes as expected, taper pause ahead
BOJ hikes rates to 31-yr high, yen sinks. Traders eye further hikes amid inflation.
The Bank of Japan raised its policy rate to 1%, a 31-year high, and announced it will pause its JGB taper from April 2027, while warning CPI could exceed its 2% target.
US oil reserve at 43-yr low! Traders eye price impact & supply risks. Will it boost energy stocks?
Goldman cuts Brent forecast to $80 for 2026, $75 for 2027 on Hormuz deal Goldman's second cut in a week signals the bank thinks the Hormuz reopening is moving faster than the market assumed.
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