[Global Chart]Robust US Supercore PCE Inflation—Up 3.4% Year-on-Year
The US supercore PCE inflation rate rose to 3.4% year-on-year in August, its highest in six months, signaling persistent inflationary pressures above the Federal Reserve's 2% target.
Expert Views on US August PCE
US core PCE inflation held steady at 2.9% in August, with experts saying persistent but non-accelerating inflation is unlikely to block Fed rate cuts this year.
US New Home Sales Surge to 800,000 in August, Up 20% From Previous Month
US new home sales surged 20.5% in August to an annualized 800,000 units, outpacing forecasts, with prices and inventory levels also rising, signaling a robust housing market rebound.
The US current account deficit narrowed sharply to $251.3 billion in Q2 2025, beating market expectations, as a reduced goods trade gap drove the improvement, according to the US Department of Commerce.
#YonhapInfomax #CurrentAccountDeficit #USDepartmentOfCommerce #Q2Data #GDP #TradeBalance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=83061
US Current Account Deficit Narrows Sharply to $251.3 Billion in Q2
The US current account deficit narrowed sharply to $251.3 billion in Q2 2025, beating market expectations, as a reduced goods trade gap drove the improvement, according to the US Department of Commerce.
US housing starts and building permits both declined in August, with starts falling 8.5% month-on-month to 1.307 million units, missing market expectations and signaling continued weakness in the housing sector.
#YonhapInfomax #HousingStarts #BuildingPermits #USD #USDepartmentOfCommerce #AugustData #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=82171
US August Housing Starts Drop 8.5% Month-on-Month, Below Expectations
US housing starts and building permits both declined in August, with starts falling 8.5% month-on-month to 1.307 million units, missing market expectations and signaling continued weakness in the housing sector.
US Wholesale Inventories Rise 0.1% in July, Missing Expectations (Update)
US wholesale inventories edged up 0.1% in July, falling short of expectations, while wholesale sales rose 1.4%, signaling continued but moderate growth in the sector.
US supercore PCE inflation accelerated for a third straight month in July, rising 0.39% month-on-month and 3.32% year-on-year, marking the fastest pace in five months and signaling persistent inflationary pressures in core services.
#YonhapInfomax #SupercorePCE #USDepartmentOfCommerce #Inflation #CoreServices #July2025 #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=79457
[Global Chart]July US Supercore PCE Inflation Posts Fastest Gain in 5 Months
US supercore PCE inflation accelerated for a third straight month in July, rising 0.39% month-on-month and 3.32% year-on-year, marking the fastest pace in five months and signaling persistent inflationary pressures in core services.
Expert Views on US July PCE
US July PCE data met expectations, with core inflation at 2.9% year-on-year; experts say persistent inflation remains but is unlikely to block a September Fed rate cut.
US New Home Sales Fall 0.6% in July to 652,000 Units
US new home sales fell 0.6% in July to 652,000 units, missing last year’s levels but beating market expectations, with both median and average prices declining amid persistent housing market weakness.
South Korean Government, Hyundai Steel Win Second Round in US Countervailing Duty Lawsuit
South Korea and Hyundai Steel secured a second legal victory against the US Department of Commerce as the US Court of International Trade again sided with them over countervailing duties on steel exports.
Yonhap Infomax News