US: US pending-home sales jump to highest level since early 2023
Pending sales of US existing homes climbed by more than expected in November as a modest improvement in prices and mortgage rates encouraged buyers. An index of contract signings rose 3.3% to 79.2 last month, the highest level since February 2023, according to figures released on Monday by the National Association of Realtors (NAR). (The Edge Malaysia)
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US: Argentina’s congress approves 2026 budget, first under Milei
Argentina’s Congress passed the 2026 budget on Friday, the first approved by legislators since President Javier Milei took office in late 2023. The budget, passed 46 votes to 25 with one abstention, includes spending of USD102.0b (148.0b Argentine pesos) and projects South America’s second-biggest economy will grow 5.0% with inflation at 10.1%. (Reuters)
US: US weekly jobless claims unexpectedly fall
The number of Americans filing new applications for jobless benefits unexpectedly fell last week, but the unemployment rate likely remained high in December amid sluggish hiring. Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 214,000 for the week ended Dec 20, the Labor Department said on Wednesday. (The Edge Malaysia)
US: US GDP grew 4.3% in third quarter, fastest in two years
The US economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer trade policies. (The Edge Malaysia)
US: US annual consumer prices increase less than expected in November
U.S. consumer prices increased less than expected in the year to November, but the moderation is likely technical and Americans continued to face affordability challenges that have been partly blamed on tariffs on imports. (Reuters)
US: Waller says Fed policy still in restrictive territory, sees room to cut rates Federal
Reserve Governor Christopher Waller said on Wednesday the U.S. central bank still has room to cut interest rates amid rising job market weakness. (Reuters)
US: US job growth rebounds in November; unemployment rate distorted by shutdown
U.S. job growth rebounded more than expected in November after nonfarm payrolls were depressed in October by government related spending cuts, suggesting no material deterioration in labor market conditions as businesses navigate economic uncertainty wrought by President Donald Trump’s aggressive trade policy. (Reuters)
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