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Philly Fed Index Unexpectedly Indicates Expansion In June

Philadelphia-area manufacturing activity unexpected expanded in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity skyrocketed to a positive 27.5 ...

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Bank Of England Boosts QE; Holds Record Low Rate

The Bank of England announced additional quantitative easing and left its interest rate unchanged at a record low to combat the sharp recession triggered by the coronavirus pandemic. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, decided to ...

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Australia Jobless Rate Climbs To 7.1% In May

The unemployment rate in Australia came in at a seasonally adjusted 7.1 percent in May, the Australian Bureau of Statistics said on Thursday – missing forecasts for 7.0 percent and up from the upwardly revised 6.4 percent in April (originally ...

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U.S. Housing Starts Jump 4.3% In May But Miss Estimates

New residential construction in the U.S. showed a notable rebound in the month of May, according to a report released by the Commerce Department on Wednesday, although housing starts still came in well below economist estimates. The report said housing ...

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