Reade Pickert BloombergMarch 15, 2023 US producer prices unexpectedly declined in February, pointing to an easing of cost pressures in corners of an economy still battling the highest inflation in a generation. The producer price index for final demand fell 0.1% from the prior month and increased 4.6% from a year earlier, according to data out Wednesday
Lucia Mutikani ReutersMarch 3, 2023 Services sector PMI dips to 55.1 in February from 55.2 New orders index rises to highest level since late 2021 Prices paid measure falls to two year-low, but still high WASHINGTON, March 3 (Reuters) - The U.S. services sector grew at a steady clip in February, with new orders and
Augusta Saraiva BloombergFebruary 15, 2023 Value of purchases increased by 3% in January, above estimates Gain was broad based, led by autos, restaurants and furniture US retail sales rose in January by the most in nearly two years, signaling robust consumer demand that could bolster the Federal Reserve’s resolve to keep raising interest rates in
Reade Pickert and Olivia Rockerman BloombergFebruary 4, 2023 Early 2023 numbers on jobs, services show resilient consumers Businesses from GM to United Airlines point to strong demand Don’t count the US consumer out just yet. Two sets of data out Friday raised hopes that the pullback in household spending at the end of last year
Mackenzie Hawkins BloombergFebruary 10, 2023 Card spending rose 5.1% in January from a year earlier Households benefit from minimum wage, Social Security boosts Consumer spending ticked up at the start of the 2023 in the US, reversing declines late last year and suggesting that even lower-income families have some cash buffers to fall back on,
Reade Pickert BloombergFebruary 3, 2023 ISM index rebounds with six-point gain in January to 55.2 Orders measure matches highest since beginning of 2022 A gauge of US services snapped back in January after an end-of-2022 slump, suggesting a consumer demand resurgence that leans against concerns of an imminent economic slowdown. The Institute for Supply Management’s non-manufacturing
Augusta Saraiva BloombergJanuary 24, 2023 S&P Global composite measure at 46.6 in January after 45 Composite prices paid gauge firms for first time since May US business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures. The S&P
Thursday, December 29, 2022 09:00 PMSource: Bloomberg by Jan-Patrick Barnert Recession, rate hikes risk spurring earnings slowdown in 2023 - Question marks remain over how Big Tech and China will fare. More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record
Tuesday, January 10, 2023 12:00 AMSource: Bloomberg by Eva Szalay Some of the world’s largest asset managers such as BlackRock Inc., Fidelity Investments and Carmignac are warning markets are underestimating both inflation and the ultimate peak of US rates, just like a year ago. The stakes are immense after (During 2022) Wall Street almost unanimously
Asia Martin Business InsiderDecember 22, 2022 A study from Amazon economists estimates a 30% chance of a US recession in the next six months. Most other forecasts are doom and gloom, with some predicting a 100% recession chance in 2023. If there is a recession, Amazon is banking on a few factors to avoid much