The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to a reading of 64.7 last month from 60.8 in February. That was the highest level since December 1983.
April 2, 2021
Widespread expectations of a coming US economic boom are forcing bond fund managers to dust off their playbooks to combat a nemesis they have not had to worry about for more than a decade: inflation.
March 23, 2021
The consumer price index increased 0.4% last month after rising 0.3% in January. A 6.4% advance in gasoline prices accounted for more than half of the gain in the CPI.
March 11, 2021
The Fed, however, reported that the labor market, which remains about 10 million jobs short of where it was before the start of the coronavirus pandemic in 2020, was not gaining as much traction as had been hoped.
March 4, 2021
Speaking during his confirmation hearing before the Senate Banking Committee on Tuesday, Gary Gensler offered the first thoughts on handling cryptocurrencies if he is confirmed to lead the top US markets regulator.
That sort of bullish sentiment has increasingly taken root among executives, analysts and consumers who see the past year of comparative hibernation—from the government-ordered business closings last spring to continued risk avoidance by the public—giving way to a cautious re-emergence and green shoots in the economy.
March 3, 2021
The acceleration in activity at the start of 2021 was evident in other data showing strong growth in production and prices at factories last month.
February 18, 2021