US Services Growth Remains at Solid Pace, Price Pressures Ease

October 5th, 2022|

Augusta Saraiva Bloomberg October 5, 2022 Measures of business activity, orders softer but elevated Index of service provider employment highest in six months Growth at US service providers remained firm in September, reflecting solid business activity and orders, while a measure of prices fell to the lowest since the start of 2021. The Institute for

U.S. core capital goods orders surge; consumer confidence rises further

September 27th, 2022|

Lucia Mutikani Reuters September 27, 2022 Core capital goods orders increase 1.3% in August Core capital goods shipments rise 0.3% Consumer confidence index increases to 108.0 in September House price growth decelerates in July  New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment

The Fed is dragging the US into a recession to cool surging prices. Most Americans expect inflation to die down on its own.

September 27th, 2022|

Ben Winck Business Insider September 27, 2022 The Fed is pushing the US into a recession to cool inflation. It might not be necessary. Inflation expectations have been falling since the spring, signaling there's little chance of a 1980s-like price surge. Raising rates out of fear that expectations will rebound is "irresponsible," a former Fed

Apple is a safe haven amid the stock market rout, says tech investor Gene Munster

September 27th, 2022|

Michelle Fox CNBC September 27, 2022 Tech stocks have been pummeled this year but Apple is acting like a safe haven amid the turbulence, according to tech investor Gene Munster. While the tech-heavy Nasdaq is down 28% for the year and big names like Meta and Netflix have dropped about 60%, Apple is down just 15% year to date. “They are

The conditions needed for a stock market bottom are forming, as investors get overly bearish, JP Morgan says.

September 27th, 2022|

Matthew Fox Business Insider September 26, 2022 Conditions are forming that suggest a stock market bottom could be near, JPMorgan’s Marko Kolanovic said. Kolanovic said the ongoing sell-off in stocks has been driven by an extremely hawkish Fed. Peaking inflation, extremely depressed investor positioning, and attractive valuations give Kolanovic confidence in his view. The more

US Producer Prices Fall for a Second Month as Fuel Costs Retreat

September 16th, 2022|

Wednesday, September 14, 2022 05:38 AM Source: Bloomberg by Reade Pickert A measure of US producer prices fell for a second month in August as fuel costs continued to retreat, though an underlying measure of wholesale costs firmed in a sign of persistent inflation in the production pipeline. The producer price index for final demand decreased 0.1%

U.S. retail sales unexpectedly rise in August; weekly jobless claims fall

September 15th, 2022|

September 15, 202210:10 AM PDT Source: Reuters by Lucia Mutikani U.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, but demand is cooling as the Federal Reserve aggressively raises interest rates to fight inflation. Consumer spending, however, is likely to remain

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