U.S. factory output has been contracting for 13 consecutive months, the Institute for Supply Management (ISM) said in announcing its Purchasing Managers Index (PMI) for November.
Tag: U.S. economy
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INVESTORS DIVE BACK INTO RISKIER ASSETS
Believing that inflation has been tamed and interest rates will not rise further, investors are piling back into global stocks, which had been seen as risky as long as the dollar was strong and U.S. interest rates continued to rise.
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RATE HIKES ARE OVER
In a 1 December speech at Spelman College, U.S. Federal Reserve chair Jerome Powell said interest rates are “well into restrictive territory” and doing their job of slowing the economy to tamp down inflation.
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ECONOMIC UPDATE – MARKET OVERVIEW
It’s all in the numbers and the numbers are negative for both corporate profits and the servants of the Bigs... the plantation workers of Slavelandia.
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U.S. GASOLINE PRICE FALLS: HOW LOW WILL THEY GO?
Adjusted for inflation, U.S. gasoline prices were 13 percent lower this Thanksgiving weekend than the same holiday a year ago, according to the U.S. Energy Information Administration (EIA).
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EVERYONE FEELS PAIN OF INFLATION BUT NOT EQUALLY
Because low-income households spend a greater share of their incomes on necessities, their actual rate of inflation has been greater than middle- and upper-income earners, CNBC reported.
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SINGLE-FAMILY HOME LANDLORD GANGS KEEP HIKING RENTS
After slowing or reversing rent increases earlier this year, investors owning single-family homes ratcheted up rates again in the third quarter.
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U.S. BUSINESS ACTIVITY HOLDS FIRM BUT THE ECONOMY IS SHEDDING JOBS
U.S. economic activity has remained positive in November, according to S&P Global Market Intelligence’s flash composite purchasing managers index (CPMI), which combines data from the manufacturing and services sectors.
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INVESTORS DUMP DOLLARS AS INTEREST RATES LEVEL OFF
Investors are selling dollars at the fastest clip in the past 12 months on the belief that the U.S. Federal Reserve has stopped raising interest rates and will begin cutting them next year, the Financial Times reported.
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INVESTORS SNAP UP CORPORATE BONDS AT FASTEST PACE IN MORE THAN THREE YEARS
Believing that the U.S. Federal Reserve has completed its campaign of interest rate hikes, investors are buying corporate bonds at the fastest clip since July 2020, the Financial Times reported.