After contracting in February, U.S. manufacturing held steady at that lower level in March, according to the Federal Reserve Bank of Richmond’s monthly business survey.
Tag: U.S. Economy
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ENERGY SHOCK WILL PUSH U.S. INFLATION TO 4.2 PERCENT, OECD SAYS
The energy price surge set off by the Iran War will drive U.S. inflation to 4.2 percent this year, the highest among G7 nations, according to a projection by the Organization for Economic Cooperation and Development (OECD).
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U.S. CONSUMER GLOOM
The University of Michigan’s monthly survey of consumer sentiment in March found American households in a darker mood than in February.
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ODDS OF U.S. RECESSION APPROACH 50 PERCENT
The Iran war’s boost to fuel costs, the resulting expected rise in inflation, and an already weak jobs market have combined with general and geopolitical uncertainty to push the U.S. economy uncomfortably close to a recession.
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ECONOMIC UPDATE
The socioeconomic and geopolitical destruction caused by the U.S./Israel war launched against Iran a month ago has rippled across the planet.
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SPOTLIGHT: IRAN WAR’S ECONOMIC FALLOUT
In our 46 years of trend forecasting, never has there been a war that has affected the entire globe as has the war that Israel and the U.S. launched against Iran on 28 February.
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U.S. REGULATORS CUT BACK BANKS’ CASH RESERVE REQUIREMENT
The change would apply toA proposal by the U.S. Federal Reserve’s bank regulators would reduce by 4.8 percent the amount of cash the largest American banks must keep in reserve as a cushion against loans that go bad.
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AI HAS WIDENED THE U.S. TRADE DEFICIT, GOVERNMENT DATA SHOWS
Donald Trump has been fixated on the U.S. trade deficit – the fact that the country pays more for its imports than it earns from exports – as a problem that must be solved.
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INVESTORS TAKE REFUGE IN CASH AS ECONOMIC WORRIES MOUNT
Energy prices are soaring, enthusiasm for private credit has crashed, the U.S. stock market is losing steam, and the American economy is barely crawling.
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FED LEAVES INTEREST RATES UNCHANGED
The U.S. Federal Reserve’s Open Market Committee voted last week to leave interest rates at 3.5 percent on deposits and 3.75 percent for loans.