US Crude Oil Stockpiles Decline by 2.5M Barrels
(EIA) US crude oil inventories fell by 2.5 million barrels in the week that ended March 18 to 413.4 million barrels. The total motor gasoline inventories declined by 2.9 million…
Goldman Says Powell’s Remarks Point to a 50 Bps Rate Hike in May and June
(Markets Insider) Goldman Sachs has predicted an increase in the US interest rate by 50 basis points in Fed’s May and June meetings, amid tough talk by the chair Jerome…
Beijing Reportedly Yields to Washington’s Demand for Audit Disclosures of Its Firms
(Reuters) US-listed Chinese firms, including Alibaba, JD.com, and Baidu have been told by Beijing to prepare for more audit disclosures. The move by China's regulator has been seen as an…
Goldman Leads Wall Street Bank Crypto Derivatives With First Trade
(Galaxy Digital Holdings) US banking giant Goldman Sachs has completed its first over-the-counter crypto-related trade onboard Galaxy Digital. The US bank traded a bitcoin-lined instrument referred to as a non-deliverable…
Existing Homes Sales Tank 7.2% in February as Affordability Becomes an Issue
(NAR) Existing home sales in the US were recorded at an annual rate of 6.02 million in February, down 7.2% from January. On a year-over-year basis, existing home sales were…
US Housing Starts, Completions Rise in February, but Authorizations Decline
(Census Bureau) US housing starts for privately-owned units rose by a monthly 6.8% to an annual rate of 1.769 million in February and were up 22.3% from the prior year.…
US 30-Year Mortgage Tops 4%, the Highest in Nearly 3 Years
(WSJ) US average rate for a 30-year mortgage is 4.16%, the first time it has surpassed the 4% mark since May 2019. The rise in mortgage rate suggests that the…
US Manufacturing Activity Improves to the Highest in 4-Months in March
Source: Philadelphia Fed The diffusion index, gauging the current general activity in the US Manufacturing was recorded at 27.4 in March, up 11 points and the highest since November last…
US Jobless Claims Slide by 15,000 to a More Than 2-Month Low
(Department of Labor) The US jobless claims were recorded at 214,000 in the week that ended March 12, a two-and-half-month low, after a decline of 15,000 from the previous week.…
EIA Reports a 4.3M Barrels Rise in US Crude Oil Inventories
(EIA) US stockpiles of crude oil rose by 4.3 million barrels to 415.9 million barrels in the week that ended March 11. Total motor gasoline inventories fell by 3.6 million…
Builder Confidence Slips in March as Material Constraints Bite
(NAHB) The US builder confidence for newly constructed single-family homes dropped two points to 79 in March, marking the fourth straight month of decline. The decline happens amid an ongoing…
US Retail Sales Cool to a Marginal 0.3% Increase in February
(Census Bureau) US retail purchases rose by a modest 0.3% to $658.1 billion in February, compared to a higher 4.9% gain the previous month. The increase in retail sales was…