Factory output contracted around the world in September as U.S. economic activity slowed, demand in China weakened, and the ongoing U.S. tariff war made customers hesitate to buy, Reuters reported.
Tag: inflation
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TARIFFS ARE BEGINNING TO NUDGE CONSUMER PRICES HIGHER
Donald Trump’s tariffs are pushing U.S. retail prices higher, although inflation has not jumped significantly, the Financial Times said, citing government data and corporate statements.
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IS THE U.S. STOCK MARKET RALLY LIVING ON BORROWED TIME?
Interest rates are down, consumer spending is up, corporate earnings are strong, bond values have risen, and tax cuts are giving corporations more money for growth.
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SEASONAL HIRING TO BE THE LEAST IN 16 YEARS
Hiring seasonal help for the year-end holiday shopping season is poised to be the lowest since 2009 in the Great Recession, a signal that retailers expect especially weak sales, outplacement firm Challenger, Gray & Christmas in a report last week.
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CONSUMERS INCREASED THEIR SPENDING IN AUGUST
U.S. households spent 0.6 percent more in August than in July, the commerce department reported. Economists in a Reuters poll expected a 0.5-percent gain.
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CONSUMER OUTLOOK CONTINUED TO DARKEN IN SEPTEMBER
U.S. households had a more gloomy outlook on the economy in September than in August, according to the University of Michigan’s monthly survey of consumer sentiment.
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INFLATION ROSE AGAIN IN AUGUST
By several measures, consumer prices continued to rise again in August.
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SPECIAL REPORT, THE FED’S RATE CUT: WHAT NEXT?
On 17 September, the U.S. Federal Reserve’s Open Market Committee shaved a quarter point from its policy interest rate, dropping the rate charged on loans to 4.25 percent in its first rate reduction since December 2024 and to its lowest in almost three years.
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NEW CLAIMS FOR JOBLESS BENEFITS FELL IN MOST RECENT WEEK
In the week ending 13 September, 33,000 fewer people filed new claims for unemployment insurance than during the week before. The number fell from 264,000 to 231,000. In a Wall Street Journal poll, economists had forecasted 240,000 claims.
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SPOTLIGHT: CHINA’S ECONOMIC TROUBLES
Last month, several economic measures weakened again in China under the continuing lack of an active domestic economy.