News
Housing Starts Decline from July to August, Completions Increase
Building permits declined 3.7% in August and 11.1% over the year. Permits for single-family homes in August decreased 2.2% from July and 11.5% over the year. Meanwhile, permits for buildings with five or more units dropped 6.7% from July and 10.8% over the year. In August, housing starts declined 8.5% from July and 6% from …
Federal Reserve Cuts Interest Rate Target Amid Slowing Job Gains
The Federal Open Market Committee lowered its interest rate target range by 25 basis points to 4.00%–4.25% at its September meeting. In a change to its previous statement, the FOMC noted that job gains have slowed, and the unemployment rate has edged up. At the same time, inflation has moved up. Nonetheless, the committee judged …
Fuel Import Prices Decrease in August, Agriculture Export Prices Stay the Same
U.S. import prices rose 0.3% in August, after advancing 0.2% in July, with higher nonfuel import prices driving the increase. Over the past year, import prices stayed the same. Meanwhile, U.S. export prices stepped up 0.3% in August, with nonagricultural export prices driving the increase. Over the past year, export prices climbed 3.4%, the largest …
New York Manufacturing Employment Declines Slightly in September
Manufacturing activity in New York state declined in September for the first time since June, with the headline general business conditions index falling nearly 21 points to -8.7. The new orders index plummeted 35 points to -19.6, while the shipments index dropped nearly 30 points to -17.3, the lowest levels for both indexes since April …






