U.S. manufacturing activity dipped slightly in September but remained close to its strongest level in four years. The Manufacturing PMI registered 54.5, down just 0.1 point from 54.6 in August and only two points below July’s four-year high. Why it ...
Consumer confidence deteriorated sharply in September, with the Conference Board Consumer Confidence Index falling 6.7 points to 81.9 from 88.6 in August—the lowest reading since February 2014. Why it matters: Consumer spending is a major engine of the U.S. economy, ...
Texas manufacturing activity strengthened considerably in September, with the Dallas Fed’s production index jumping 13 points to 29.5—a level consistent with a robust expansion in factory output. Why it matters: The report adds to a string of strong manufacturing data ...
Orders for long-lasting manufactured goods were unchanged in August following two consecutive monthly increases, but the result was better than the 0.4% decline economists had expected. The Census Bureau scheduled the August durable-goods report for Thursday morning. Why it matters: ...
U.S. business activity surged in September, with the S&P Global Flash Composite PMI rising to 58.4 from 56.0 in August—the strongest expansion in private-sector activity since July 2021 and the fourth consecutive month of accelerating growth. Why it matters: The ...
Manufacturing activity edged lower in September, according to the latest survey from the Federal Reserve Bank of Richmond, giving back some of August’s gains but remaining close to four-year highs. Why it matters: The Richmond Fed’s composite manufacturing index fell ...
American consumers came roaring back in August, with retail sales rising much more than expected after declining the previous month. Why it matters: Retail sales jumped 1.2% in August, according to the Census Bureau, reversing July’s revised 0.5% decline and ...
Wholesale inflation accelerated sharply in August as rising energy prices pushed producer costs higher, according to the latest Producer Price Index from the Bureau of Labor Statistics. Why it matters: Producer prices rose 0.4% in August, up from a 0.1% ...
After a week-long global bond sell-off pushed yields around the world to levels not seen in nearly two decades, bond markets are finally getting a little relief. Why it matters: The 10-year U.K. gilt is now about 7 basis points ...
The global bond sell-off intensified Tuesday, sending government borrowing costs to levels not seen in nearly two decades and, in Japan’s case, three decades. Japan stands out: The Japanese 10-year government bond jumped 5 basis points to 2.99%, up 11 ...