US mortgage rates climb again in latest week, many at year high
US mortgage interest rates climbed to their highest in about a year last week on an array of home loan products after a resumption of US-Iran fighting drove up both oil prices and the inflation-sensitive Treasury yields that underpin residential borrowing costs. (Reuters)
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Brazil mid-July inflation slows more than expected, annual rate nears target band
Brazil’s IPCA-15 consumer price index rose far less than expected in the month to mid-July, official data showed on Tuesday, with the 12-month inflation rate moving closer to central bank’s target range ahead of its next interest rate decision. (Reuters)
US core capital goods orders increase strongly in June
New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged, pointing to a fairly solid pace of economic growth in the second quarter. (Reuters)
US weekly jobless claims plunge to lowest since 1969
The number of Americans seeking unemployment benefits for the first time unexpectedly fell last week to the lowest since the 1960s, indicating the US job market continues on an even keel and leaving Federal Reserve officials to keep their focus on containing inflation. (Reuters)
New US 25% tariff hits billions of dollars in Brazilian exports
A new 25% US tariff will hit a range of Brazilian goods, including farm machinery, wood products, ethanol and apparel, escalating tensions in an already strained relationship between the two most populous countries in the Western Hemisphere. (Reuters)
US Treasury’s Bessent tells Fox Business 50% Canada tariffs are ‘reciprocity
US Treasury Secretary Scott Bessent said on Tuesday that the 50% tariffs on a range of imports from Canada were “reciprocity” for trade actions by Ottawa on US dairy, alcohol and beverages. (Reuters)
US import prices unexpectedly rise in June
US import prices unexpectedly rose in June as declines in the costs of food and energy products were more than offset by higher prices for capital and consumer goods, leading to the largest annual increase in imported inflation in nearly four years. (Reuters)
US weekly jobless claims fall; labor market remains stable
The number of Americans filing claims for unemployment benefits fell last week, pointing to continued labor market stability. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 208,000 for the week ended July 11. (Reuters)