US business activity surged in July, with Composite PMI jumping from 52.9 to 54.6, a 7-month high, driven by strength in services. PMI Services rose from 52.9 to 55.2, also a 7-month high. However, the manufacturing index dropped sharply from 52.9 to 49.5, slipping back into contraction for the first time this year. S&P Global’s […]
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If you own an index fund in your 401(k), the composition of your account could change in the coming months without any action on your part. SpaceX filed confidentially for what could become the largest Read more…
Federal Reserve left its policy rate unchanged at 3.50–3.75%, in line with expectations, but the decision revealed a widening divide within the Committee. Governor Stephen Miran again dissented in favor of a 25bps cut, while Read more…
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in Read more…