Category: Macro

New orders for manufactured goods in the United States observed a monthly decrease of 3.6% or $21.5 billion to come in at $569.7 billion in January, the Census Bureau said in its report published on Tuesday. Shipments decreased $5.7 billion or 1% to stand at $572.3 billion. Unfilled orders increased by $2.1 billion or 0.2%…

In a positive sign for the U.S. economy, the Composite PMI Output Index, which encompasses both services and manufacturing sectors, reflected continued expansion in business activity for the month of February. According to the latest report by S&P Global, the index marked a rise to 52.5, up from January’s figure of 52.0, showcasing a thirteenth…

The U.S. services sector, a critical component of the nation’s economy, experienced a slowdown in growth during February, as reported by the Institute for Supply Management (ISM). According to the latest ISM Services Purchasing Managers’ Index (PMI), the growth pace decelerated, with the index registering at 52.6 percent. This figure represents a decline of 1.8…

Nvidia’s Surge Stokes Talk of a Bubble The chip maker’s meteoric advance has helped push the stock market to record highs. It also has some on Wall Street saying the “B word.” Nikkei Stock Average Rises Above 40000 for First Time The climb was driven by greater corporate earnings and a surge in chip-related stocks,…

In the latest labor market update, initial jobless claims in the United States for the week ending February 24 saw an increase, climbing by 13,000 to reach 215,000. This rise surpassed both the previous week’s figure of 202,000 (which was revised from an initial 201,000) and the consensus estimate of 209,000, signaling a slight acceleration…

In January, U.S. prices experienced a modest uptick, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, a key inflation measure closely watched by the Federal Reserve, increased by 0.3% for the month. This revision comes after December’s figures were adjusted down to a…

The U.S. economy exhibited strong growth in the fourth quarter, driven by robust consumer spending, although there’s evidence of a slowdown as the new year begins. The Commerce Department’s Bureau of Economic Analysis reported a 3.2% annualized growth rate in GDP for the last quarter, a slight adjustment from the initially reported 3.3%. This revision,…

Federal Reserve officials anticipate a decrease in housing inflation soon, crucial for their plan to curb overall inflation and consider interest rate cuts. However, they face potential challenges as the supply of new apartments is expected to dwindle, while single-family home availability remains low, potentially causing future price pressures in a sector significant to the…

Last week, there was an unexpected decrease in the number of Americans applying for new unemployment benefits, indicating that job growth in February likely continued at a strong pace. For the week ending February 17, initial filings for state unemployment assistance decreased by 12,000 to a seasonally adjusted figure of 201,000, according to the Labor…