MORE U.S. MAY CONSTRUCTION SPENDING: TOTAL NONRESIDENTIAL +0.4% M/M
MORE U.S. MAY CONSTRUCTION SPENDING: TOTAL NONRESIDENTIAL +0.4% M/M
MORE U.S. MAY CONSTRUCTION SPENDING: TOTAL NONRESIDENTIAL +0.4% M/M
MORE U.S. MAY CONSTRUCTION SPENDING: TOTAL PRIVATE 0.0% M/M
U.S. MAY CONSTRUCTION SPENDING +0.1% M/M (VS +0.2% EXPECTED)
US Construction Spending +0.1% In May; Consensus +0.2%
U.S. manufacturing activity slowed in June after surging in the prior month, likely as some of the lift from businesses front-loading orders to avoid shortages and higher prices caused by the Middle East conflict faded.The Institute for Supply Management said on Wednesday its manufacturing PMI slip…
The following are median forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal.Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jun…
FED CHAIR WARSH Q&A/SINTRA: READ SCOTUS OPINION THAT TOUCHED ON FED INDEPENDENCE ON FLIGHT TO SINTRA; 'CALLING BALLS AND STRIKES AS BEST WE CAN'
Output and new orders continued to rise at historically strong rates, though both expanded more slowly than in May, while input costs rose sharply again, driven by higher raw‑material prices, but the pace of inflation softened from May's recent high. Selling‑price inflation also eased to a three‑mo…
Staff WriterThe General Pension and Social Security Authority (GPSSA) opened registration for a newly expanded state social insurance system, urging eligible employers, entrepreneurs and self-employed individuals to secure their future retirement privileges.Backed by the Minister of Finance’s Decis…
BOC GOV MACKLEM Q&A/SINTRA: 'PRETTY WIDE RANGE OF SIZES' OF BAL SHEETS AMONG MAJOR CENBANKS; BOC'S BAL SHEET 'A THIRD OF THE FED'S' PROPORTIONATELY
FED CHAIR WARSH Q&A/SINTRA: TASK FORCE TO EXAMINE BALANCE SHEET POLICY; ADJUSTING IT WILL BE BASED ON BROAD FED VIEWS; WON'T HAPPEN QUICKLY
The S&P Global US Manufacturing PMI was sharply revised down to 53.9 in June 2026, significantly below the preliminary estimate of 55.7 and May’s final reading of 55.1.Despite the drop, the latest figure marked the eleventh straight month of expansion, indicating a solid improvement in operating co…
By Michael S. DerbyFederal Reserve Chairman Kevin Warsh said Wednesday that while he hasn’t changed his mind that a large central bank balance sheet should be shrunk, any notable change in policy on this matter will take time and be well communicated.“Decisions will be well deliberated publicly, we…
FED CHAIR WARSH Q&A/SINTRA: 'NO SECRET I WANTED THE BALANCE SHEET TO BE SMALLER;' SHOULD DEPEND ON RATES; HEARING 'ALARM' ON THAT VIEW
Sharjah, The Sharjah Chamber of Commerce and Industry (SCCI) discussed plans to organise reciprocal trade missions between the Emirate of Sharjah and the Federal Democratic Republic of Ethiopia.The move aims to strengthen direct business-to-business engagement and expand investment cooperation, rei…
Staff WriterH.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council, chaired the 35th meeting of the Council during which members reviewed a range of strategic initiatives aimed at redesigning the investor journey, enhancing the regulatory framework governing free zones, an…
British teachers will receive pay increases that should outpace inflation over the coming two years, with the first rise coming in September, the government said on Wednesday.Teachers' pay will increase by 3.5% from September, and by 3% from September 2027, representing a cumulative 17% rise since…
FED CHAIR WARSH Q&A/SINTRA: NOT THE TIME 'TO SUPPRESS VOLATILITY' AS WAS CASE IN FIN CRISIS; 'SOMETIMES UNLEARNING IS HARDER THAN LEARNING'
By Megan LeonhardtFederal Reserve Chairman Kevin Warsh on Wednesday held firm on his new policy against offering signals of where rate policy is heading, but did signal that his plans for proposed reforms are set to move forward next week.In a policy panel at the European Central Bank's annual Foru…
US S&P PMI MANUFACTURING: PACE OF GROWTH SLOWS TO 3-MONTH LOW IN JUNE FINAL REPORT THOUGH GROWTH REMAINS AT HISTORICALLY ELEVATED RATES