U.S. manufacturing contracted for a 3rd straight month in June and a measure of costs factories pay for inputs fell to a six-month low amid weak demand for items, signaling inflation may sluggish additional. The Institute for Provide Administration (ISM) stated on Monday that its manufacturing PMI fell to 48.5 final month from 48.7 in … Read more
Washington. The US financial system, the most important on this planet, grew within the first quarter at a slower tempo than initially anticipated, following downward revisions in client spending, the Commerce Division reported this Thursday. Gross home product (GDP) – the broadest measure of financial exercise – grew at an annual charge of 1.3 p.c … Read more
U.S. business activity cooled to a four-month low in April on weak demand, while inflation rates eased slightly even as input prices rose sharply, suggesting possible relief in the future. The figures come as the Federal Reserve (Fed, central bank) looks for signs that the economy is weakening enough to reduce inflation further. S&P Global … Read more
U.S. economic activity expanded slightly from late February to early April and there were fears among businesses that progress in reducing inflation would stall, a Federal Reserve (Fed) survey showed Wednesday, continuing with recent trends that have prevented the central bank from cutting interest rates. The U.S. central bank released its latest view on the … Read more
Washington. Joseph Stiglitz, Nobel Prize winner in Economics, along with former Colombian Finance Minister José Antonio Ocampo and several other international experts endorsed the Brazilian government’s proposals for a tax on the planet’s billionaires, but in private meetings in this city officials Brazilians warn that this initiative requires support from other governments. “What Brazil is … Read more
Washington. Federal Reserve Chairman Jerome Powell reiterated this Wednesday that the US central bank has time to deliberate on its first interest rate cut given the strength of the economy and recent inflation readings. “Recent data on job growth and inflation have been stronger than expected,” Powell said in remarks prepared for a meeting at … Read more