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Two economic reports released Monday reveal further evidence that Federal Reserve interest rate hikes has U.S. economic growth slowing to a more
stanley tumblers sustainable pace after growing several years at a blistering speed.Sales of new homes fell in October by 2.6 percent, to an annualized rate of 928,000, data from the Commerce Department released Monday showe
vaso stanley d. Even with the decline, new-home prices reached record levels in October, a sign of the healthy housing market. Some analysts were expecting new-home sales to fall 4.9 percent.A survey of economists by CBS.MarketWatch had looked for a slower pace of new single-family home construction, at a 909,000 rate. In a second report released simultan
stanley cup eously with the new-home sales figures, The Conference Board said its Composite Index of Leading Economic Indicators fell 0.2 percent to 105.5 in October after registering no change in September and dropping 0.1 percent in August. October s fall was slightly more than the 0.1 percent analysts had anticipated. The index is watched closely because it gives an indication where the overall U.S. economy is headed in the next three to six months. A related index, which measures current or coincident economic activity, fell 0.1 percent in October the first decline in 13 months, the New York-based business group said. Ken Goldstein, the board s chief economist, noted that since the start of 2000, the leading indicators have declined in five months and been flat in four. To be Iebn Report: Apple s Next-Gen Chips Will Be Made By Samsung Again
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