US Manufacturing PMI at 46.7%; November 2023 Manufacturing ISM Report On Business
Economic activity in the manufacturing sector contracted in November for the 13th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The Manufacturing PMI® registered 46.7 percent in November, unchanged from the 46.7 percent recorded in October. The overall economy continued in contraction for a second month after one month of weak expansion preceded by nine ... (full story)
US: ISM Manufacturing PMI unchanged at 46.7 in November vs. 47.6 expected
The economic activity in the US manufacturing contracted in November, for the 12th consecutive month, with the ISM Manufacturing PMI at 46.7, unchanged from October. This reading came in worse than the market expectation of 47.6. Key takeaways from the report: The Manufacturing PMI® registered 46.7 percent in November, unchanged from the 46.7 percent recorded in October. The overall economy continued in contraction for a second month after one month of weak expansion preceded by nine months of contraction and a 30-month period of expansion before that. The New Orders Index remained in contraction territory at 48.3 ... (full story)
- Older Stories
Bitcoin (BTC) price is finally trading above the $38,500 level after multiple rejections from this zone. At the time of writing, the biggest digital asset by market capitalization ...
post: ECB'S VILLEROY SAYS ABSENT ANY SHOCKS, RATE HIKES ARE OVER post: ECB'S VILLEROY: DATA SUPPORT OUR VIEW OF RETURN TO 2% INFLATION. post: ECB'S VILLEROY: DISINFLATION IS EVEN FASTER THAN EXPECTED post: ECB'S VILLEROY: WE CAN LOOK AT RATE CUTS WHEN TIME COMES IN 2024.
The US Securities and Exchange Commission (SEC) is actively engaging with asset managers in anticipation of a crucial decision on the approval of a bitcoin exchange-traded fund ...
- Newer Stories
Shares of crypto miners and bitcoin-tracking companies rose on Friday as the world's largest cryptocurrency extended a recent rally to touch a near 19-month high on improving risk ...
Thank you, President Gayle, and thank you for the invitation to visit today. I am fortunate to have been accompanied from Washington by a very distinguished graduate of Spelman College, Class of 1986 and member of Delta Sigma Theta, my Federal Reserve colleague Governor Lisa Cook. There is no greater testament to Spelman's historic legacy than the achievements of outstanding women like Governor Cook. One part of that legacy is Spelman's tradition of promoting education in STEM (science, technology, engineering, and mathematics). Governor Cook's research highlights the key role of such education in preparing individuals to be inventors and innovators who can generate ideas that will add to our body of knowledge, increase productivity, and generate higher living standards.1 Her work is just one example of how Spelman women continue to make historic contributions in science, the arts, technology, medicine, and other fields. I look forward to our conversation, and I thought I might frame it by talking about the Federal Reserve's actions to promote a healthy economy, and how those actions relate to questions students in this audience may be asking about the future. For example, I am sure that students are wondering what kind of a job market and economy you will be entering when you complete your education. Congress assigned the Fed the dual mandate goals of maximum employment and price stability. Both goals are essential aspects of a healthy economy. Congress also gave the Fed a precious grant of independence from direct political control to allow us to pursue those goals without consideration of political matters. Other major central banks in democratic societies have similar grants of independence, and this institutional arrangement has a strong track record of producing better policy outcomes for the benefit of the public. post: *FED'S POWELL: PREMATURE TO SPECULATE ON WHEN POLICY MAY EASE *POWELL: FED PREPARED TO TIGHTEN MORE IF IT BECOMES APPROPRIATE post: FEDíS POWELL: UNEMPLOYMENT UP BUT STILL HISTORICALLY LOW #News #Markets #POWELL #live post: FEDíS POWELL: FED HAS MADE CONSIDERABLE PROGRESS LOWERING INFLATION #News #Markets #FED #POWELL #INFLATION #live post: Fed's Powell Signals Officials Are Likely Done Raising Rates Powell: Recent Inflation Declines Are Welcome but Must Continue Powell: Risks of Increasing Too Much or Too Little Are 'Becoming More Balanced'
Tune in as Federal Reserve Board Chair Jerome Powell and Spelman College President Helene Gayle engage in a fireside chat highlighting the challenges of our post-COVID economy. ...