Cleveland Fed President Loretta Mester expressed cautious optimism in an CNBC interview today, acknowledging the positive trend in the latest May CPI data. “It is welcome to see that inflation is moving back down again,” Mester stated. However, she stressed the need for sustained improvement, adding, “I would want to see a few more months […]
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UK manufacturing sector expanded at a slower pace in September, with the PMI finalizing at 51.5, down from 52.5 in August. According to Rob Dobson, Director at S&P Global Market Intelligence, the sector continues to Read more…
Eurozone’s PMI Manufacturing was finalized at 45.0 in September, down from 45.8 in August, marking a 9-month low and reflecting further deterioration in the region’s manufacturing sector. Germany posted the weakest performance with a 12-month Read more…
When 2024 began, there was deep concern that the major indexes were showing big gains from a very narrow range of stocks. Narrow range as in: tech, tech and more tech. Monday brought a close Read more…