Lower Factory Input Prices Signal Inflation Relief
Category: Economy Total Views: 150By : Dominic Sanders Updated: 07-01-2024
U.S. Manufacturing Sector Contracts for Third Consecutive Month
June's U.S. manufacturing sector contracted for the third month running. From 48.7 in May, the Institute for Supply Management (ISM) recorded that its manufacturing PMI dropped to 48.5 in June. A PMI reading less than fifty suggests contraction. Ten percent or so of the U.S. economy is manufacturing. Economists had projected a small rise in the PMI to 49.1. Main causes of this drop are rising interest rates and de... Read More
Fed Stress Test Coverage Expanded: Banking Sector Insights
Category: Economy Total Views: 219By : Editor Updated: 06-30-2024
Understanding Stress Capital Buffers (SCB) in Fed Stress Tests
The stress capital buffer (SCB) of banks, an extra capital cushion needed to weather hard economic times, is ascertained by the Fed stress tests. This legal need seeks to guarantee banks have enough capital to sustain lending during recessions. The way a bank does in stress tests affects its capacity to give shareholders dividends and buybacks of their capital. Understanding SCB implications is essential for investors ... Read More
Fed's Monetary Policy Outlook: September Rate Cut Likely?
Category: Economy Total Views: 228By : Editor Updated: 06-29-2024
Overview of May's US Inflation Report
May saw no change in the monthly US inflation rate, mostly because small increases in service costs were more than offset by a large decline in goods prices. The Commerce Department's report showed the slowest rate of underlying price increases in six months, along with a little increase in consumer spending. With an eye toward a controlled economic slowdown without sparking a recession or high unemployment, this data has increased hop... Read More
Fed Officials Signal No Immediate Interest Rate Cuts
Category: Economy Total Views: 132By : Editor Updated: 06-28-2024
May PCE Inflation Rises 2.6% Annually, Meeting Expectations
Comparing May to the same month the previous year, the personal consumption expenditures (PCE) index increased by 2.6%. In keeping with market expectations, this rise reflected ongoing inflationary pressures. With an eye toward preserving steady prices, the Federal Reserve uses the PCE index as a crucial indicator. Monthly prices didn't change from April, even with the steady increase. Consistent annual growth highlig... Read More
High-Income Americans Face Increasing Financial Stress
Category: Economy Total Views: 172By : Editor Updated: 06-27-2024
Economic Health Indicators: Employment and Job Openings
There are indications of health in the economy and a stable job market. During May, employers hired 272,000 new employees. Strong labor demand is suggested by the high number of job openings that persist. The job market appears stable, as seen by the unemployment rate staying at 4%. The development of the economy depends on these encouraging signs. Economic strains still affect a lot of Americans, though. All income levels co... Read More