BofA Global Research Fund Manager Survey: Global Investor Sentiment Plunges as Macro Pessimism Surges
–US Equity Allocation Sees Biggest Monthly Drop on Record By Vicki Schmelzer NEW YORK (MaceNews) – A drop in expectations that the U.S. economy will outperform and rising worries about the global economy prompted a “bull crash” in global investor sentiment in March, according to BofA Global Research’s monthly fund manager survey, released Tuesday. When […]
ISM: US Services Sector Expands for 8th Straight Month in February While Concerns Over Trump Tariffs Darken Outlook
–ISM Services Index at 53.5 in February Vs. 52.8 in January, Above Median Forecast 52.7–ISM’s Miller: Services PMI Has Been Trending Down but More Stable Now, Points to Sustained Growth on Year–Miller: Jump in ISM February Manufacturing Prices Paid Index Amid Higher Commodities Markets Not Yet Feeding Through to Services Prices By Max Sato (MaceNews) […]
TARIFFS STATE OF PLAY: Confusion as Tariffs and Tariff Threats Multiply
WASHINGTON (MaceNews) – As one round of tariffs took effect Tuesday and more were threatened, rampant uncertainty permeated plunging U.S. stock markets while interest rates continued to dramatically ease. Analysts found themselves giving contradictory assessments on the business channels as the probabilities for more Federal Reserve rate cuts this year were coupled with dire predictions […]
TARIFFS STATE OF PLAY: CHINA Tightens Restrictions on Rare Earth Exports to USA Among Tariff Retaliations
WASHINGTON (MaceNews) – In what analysts have said is a measured response, intended not to further escalate U.S.-China trade tensions, China nevertheless Tuesday has imposed some significant new penalties. Chief among them are export controls on several rare-earth minerals important to the U.S. manufacture of high-tech products. They include indium, bismuth, molybdenum, tellurium and tungsten. […]
US ISM Manufacturing Back in Growth at Start of 2025, Waking Up from More Than 2 Years of Doldrums on Cyclical Pickup in New Orders, Output, Jobs
–ISM Manufacturing Index at 50.9 Vs. 49.2 in December, Again Well Above Consensus (49.5)–ISM’s Fiore: Upward Help from Seasonal Adjustments in January 2025 Half of Those in January 2024–Fiore: Trump Tariffs Won’t Help US Firms; Doesn’t Make Sense to Pay Duties on Own Goods Made in Canada, Mexico–Fiore: Demand for US Manufacturers Sees Cyclical Rebound […]
ISM: US Services Sector Expands for 6th Straight Month in December on Robust Business Activity, with Boost from Seasonality, Preparation for Possible Trump Tariffs
–ISM Services Index at 54.1 in December Vs. 52.1 in November, Above Median Forecast 53.2–ISM’s Miller: Fed Likely to Pause in Rate Cuts in Face of 2nd Straight Quarterly Growth in Services Sector, Creeping Costs–Miller: Firms Concerned About Expected Drag from Trump Tariffs on Canadian Product Supply By Max Sato (MaceNews) – The U.S. services […]
Fed Gov. Cook, Other Fed Officials Tread Carefully on Monetary Policy Outlook as 2025 Begins
By Steven K. Beckner (MaceNews) – Federal Reserve Governor Lisa Cook joined other Fed officials Monday in opening the new year with ambiguous comments about the outlook for monetary policy. Cook, like several colleagues, gave no indication she is eager to resume interest rate reductions in 2025, preferring to wait to see how inflation and […]
US December ISM Manufacturing Shows Signs of Pickup on Demand Side but Layoffs Continue Until Yearend
–ISM Manufacturing Index at 49.3 Vs. 48.4 in November, Well Above Median Forecast of 48.5–ISM’s Fiore: ‘We Are Concerned’ About Trump Tariff Threat as It Would Cause Supply Chain Confusion–Fiore: ISM Set to Rise Above Neutral Line of 50 in Q1, ‘If Not In January, Probably in February’–Fiore: Not Much Price Pressure; December CPI, PCE, […]
ISM: US Services Sector Expands for 5th Straight Month in November but Posts Sharp Slowdown on Trump Tariff Concerns, Slow Fed Rate Cuts
–ISM Services Index at 3-Month Low of 52.1 vs. 56.0 in October, Well Below Median Forecast 55.5–ISM’s Miller: Trump Tariff Complications Not Accelerating Ongoing Move Away from China–Miller: Higher Costs of Sourcing from Mexico Likely to Be Resolved Via North American Trade Pact As in Past By Max Sato (MaceNews) – Business activity in the […]
US November ISM Manufacturing in Contraction for 8th Straight Month but Shows Signs of Pickup in early 2025; Firms Look at Bright Side of Potentially Business Friendly New Administration
–ISM Manufacturing Index at 48.4 vs. 46.5 in October, Well above Median Forecast of 47.6–ISM’s Fiore: Concerns about Inflationary Fiscal Policy Not Going Away but Optimism over Trump Plans Kicks in–ISM’s Fiore: US Economy on Soft-Landing Course; Still Believes ISM Index Likely to Pick Up Above Neutral Line of 50 in Q1 of 2025 By […]