The Commerce Department said new home sales surged 6.1% higher in February to a 592,000 annualized rate, easily beating the median economic forecast.
The Federal Reserve on Wednesday finally raised interest rates after a year of anticipation and for only the second time since 2006.
The Labor Department said on Wednesday its producer price index (PPI) for final demand increased 0.4% last month after rising 0.2% in April.
The Commerce Department said on Tuesday consumer spending increased 1.0%, the largest gain in more than 6 years and more than the median forecast for 0.7%.
The Commerce Department said consumer spending increased slightly by 0.1% in March, missing the median economist forecast for a gain of 0.2% last month.
The Labor Department reported on Thursday that import prices fell 1.2% in December, slightly less than the 1.4% decline Wall Street had anticipated.
The Federal Reserve announced Wednesday it approved the first interest rate hike since the Great Recession following seven years of near-zero interest rates.
The Labor Department reported on Thursday import prices declined less than expected in November, falling 0.4% compared to the 0.7% economists expected.
Minutes from the Federal Open Market Committee meeting in October showed “most” members thought December could be the month to start policy normalization.
The Federal Reserve has given us the weakest recovery since the Great Depression, labor force participation that won’t recover and incomes stagnation.