The Institute for Supply Management’s purchasing managers’ index for manufacturing activities dipped to 50.9 in September, the lowest level since May 2020. … READ MORE >
inflation
Spending grows, even with higher-than-expected inflation
Despite a sharp drop in energy prices, August’s personal consumption expenditures price index—the Federal Reserve’s key gauge for inflation—rose by 0.3% after falling by 0.1% in July. The price increases ate into spending, bringing spending growth from a 0.4% increase in dollar terms to only a 0.1% gain on inflation-adjusted … … READ MORE >
Pending home sales fall to their lowest level since April 2020
Pending home sales in the United States fell by 2% in August, the third straight monthly decline amid a steep rise in mortgage rates. … READ MORE >
Consumer confidence and core investment grow despite recession fear
The Conference Board’s consumer confidence index rose above market’s expectation to 108 in September, the highest since May. … READ MORE >
RSM US Supply Chain Index back to normal for second straight month
The RSM US Supply Chain Index improved to 0.19 standard deviations above neutral in August as inventories and industrial capacity utilization continued to rebound. … READ MORE >
Earnings call roundup: Space companies
Space and intelligence companies capitalized on vertical integration efforts and successful launch test phases to remain competitive, according to recent earnings calls … READ MORE >
Producer prices ease as energy costs fall
Prices paid to domestic producers deflated for the second month in a row as energy prices continued to fall and food prices remained unchanged. … READ MORE >
The dollar’s reign will continue amid a global flight to safety
Several factors are fueling the dollar’s surge, including rising rate differentials, a global move to the dollar and escalating geopolitical tensions. … READ MORE >
U.S. August CPI: Core inflation arrives hot even as gas prices fall
Premature calls for the Fed to pause its campaign to tame inflation should be politely dismissed given the 0.1% increase in top-line inflation in August. … READ MORE >
Bank of Canada increases policy rate to 3.25%
The Bank of Canada increased its policy rate by 75 basis points on Wednesday, bringing the overnight rate to 3.25%, and said that it would continue to reduce its balance sheet. … READ MORE >