U.S. factories produced more and received more new orders in December as the Institute for Supply Management’s purchasing managers index (PMI) climbed to its highest level since last March.
Tag: U.S. economy
Post
THE PRICE OF BREAKFAST IS STILL GOING UP
Whether your taste runs to scrambled eggs or just a cup of joe, your morning fuel is still costing you more.
Post
HOME-RELATED RETAILERS’ SALES WERE HAMMERED IN 2024
The lofty home prices and high interest rates that have restricted home sales have also cut revenues for home improvement and home furnishings businesses that depend on people buying and fixing up houses.
Post
RISING INSURANCE COSTS ARE MAKING HOMES EVEN LESS AFFORDABLE
Record-high home prices are not the only things making it harder to buy a home these days.
Post
HOME SALES ROSE IN NOVEMBER BUT SLUMPED IN DECEMBER
U.S. pending home sales—contracts signed for purchases—increased in November for the fourth consecutive month, rising to a level not seen since early 2023, the National Association of Realtors (NAR) reported.
Post
DELINQUENT CREDIT CARD ACCOUNTS ARE ON THE RISE
Late-paying credit card accounts in the U.S. are more numerous than at any time since the 2008 financial crisis, the Financial Times reported, as low-income households have run out of financial reserves after more than two years of relentless inflation.
Post
CONSUMER CONFIDENCE SLIPPED IN DECEMBER
Last month, consumer confidence in the economy in 2025 fell unexpectedly, according to The Conference Board’s monthly survey.
Post
JOBLESS CLAIMS FEWEST IN EIGHT MONTHS
During the week ending 28 December, new claims for unemployment benefits fell by 9,000 from the week before, dropping to 211,000 and reaching their lowest number since May.
Post
DOLLAR INDEX REACHES TWO-YEAR HIGH AHEAD OF TRUMP INAUGURATION
On 2 January, the U.S. dollar index rose 0.8 percent in intraday trading against an assortment of other currencies, reaching its highest mark since November 2022.
Post
ECONOMIC UPDATE—MARKET OVERVIEW
On the economic side of life in America, for Wall Street, the mood is upbeat and we forecast it will remain so for the next few months as Donald Trump takes over the White House. But, of course, there is no relationship between Wall Street and Main Street.
