Crude oil imports declined by 166,000 bpd, averaging 6.9 million bpd. According to the report, crude oil imports averaged 6.8 million bpd over the past four weeks. Strategic Petroleum Reserve…
Tag: trading the news
Fed’s Key Inflation Measure Matches Estimates
Fed’s Inflation Target Despite the slight moderation, inflation continues to run above the Federal Reserve’s 2% long-range target. The central bank closely monitors the PCE measure, particularly the core inflation…
US Economy Surges: GDP Growth Hits 2.8% in Q2
Labor Market The labor market showed signs of resilience, with initial jobless claims decreasing by 10,000 to 235,000 for the week ending July 20. The four-week moving average, which smooths…
Existing Home Sales Fell 5.4% In June, Missing Analyst Expectations
The median existing-home price reached all-time high levels….Read More