Warsh Reaffirms ‘Will Deliver Price Stability;’ Cagey On Fed’s Next Move
– Won’t Prejudge Outcome Of Late October FOMC Meeting – ‘Discouraging’ Inflation Reports Change Some Attitudes Toward Tightening By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Kevin Warsh reaffirmed the Fed’s commitment to “deliver price stability” late Thursday in Bangkok, but refused to give any guidance as to what further actions he and his […]
US ISM Service Sector Growth Slows in September After Seasonal Boost in August as Rising Fuel Costs, U.S. Tariffs Choke Supply Chains, Leaving Prices, Backlog Orders High
–ISM’s Miller: Employment Up on Strong Customer Demand; Some Firms Hiring AI Workers, Others Use AI Tools to Replace Staff By Max Sato (MaceNews) – U.S. services sector business expansion slowed slightly in September after a seasonal boost in August, hit by stiff U.S. import duties and rising fuel and transportation costs amid the lingering […]
US ISM Manufacturing Sector Buoyed by Cautious Optimism, in Growth Territory for 9th Straight Month in September, but US Trade War, Mideast Conflict Keeping Costs High, Deliveries Slow
–ISM’s Spence: Firms Jittery about Not Being Able to Rely on Stead Economic Policy By Max Sato (MaceNews) – U.S. manufacturing activity expanded for the ninth straight month in September, thanks to a cautiously optimistic business outlook, but Washington’s wars on the trade front and in the Middle East are keeping various costs high and […]
UPDATE – Fed Officials Stay Focused On ‘Too High’ Inflation Despite Encouraging PCE Data
– Jefferson: Inflation Risk To Upside; Worried People Will Stop Believing Fed 2% Goal – Collins: Some ‘Promising’ Inflation Signs; Others Less Promising; Still Upside Risks – Kashkari Downplays PCE Report As Just “A Snapshot’; Foresees More Rate Hikes – Cook: Inflation ‘Too High For Too Long’; Labor Market Can Handle Tightening By Steven K. […]
NABE Survey Shows Shift to Expectations of Fed Tightening Among Business Economists
By Steven K. Beckner (MaceNews) – The mood of business economists has shifted dramatically, swinging from hope for monetary easing to expectations of more monetary tightening, according to a survey by the National Association for Business Economics released Monday. The NABE’s semi-annual survey of its 151 members shows a substantial proportion of them considering both […]
US ISM Services Sector Posts Faster Growth in August on Seasonal, Broad-Based Demand but Mideast Conflict, New Tariffs, AI Projects Keep Costs High, Make Firms Wary of Hiring
–ISM’s Miller: Employment Index in Contraction as Firms Reluctant to Hire While Trying to Cope with Impact of Rising Costs By Max Sato (MaceNews) – U.S. services sector activity perked up in August on summer holiday, back to school and other demand but many firms continued to struggle in supply management, hit by rising costs […]
US ISM Manufacturing Posts 8th Straight Growth in August but at Slower Pace as Persistent Inflation, Trade War Hurt New Orders, Jobs; AI Projects Keep Chip Supply Tight
–ISM’s Spence Sees Positive Sentiment in Employment Start to Deteriorate in August–Spence: Prolonged Trade Uncertainty Can Delay Orders, Increase Price Pressures By Max Sato (MaceNews) – U.S. manufacturing activity expanded for the eighth straight month in August but slowed more than expected as persistent inflation during the Iran war and additional punitive import duties slapped […]
US ISM Services Sector Expands for 25th Month in July but Effects of Higher Business Activity, New Orders Offset by Slower Hiring amid Tariffs, Iran War, AI Use
–ISM’s Miller: Significant Portion of Higher 2026 Capex Plans Among Services Firms Linked to Rises in Financing Costs, Prices Paid to Suppliers By Max Sato (MaceNews) – U.S. services sector remains resilient despite rising costs, expanding for the 25th straight month in July, but the pace of growth was little changed from June as higher […]
US ISM Services Sector Growth Slower in June but Marks 2 Years of Expansion as Easing Energy Costs, Lower Inventories Indicate Stabilizing Supply Chains
–ISM’s Miller: Inflationary Pressures from Fuel Prices Expected to Continue Easing but Prices Index Still Elevated By Max Sato (MaceNews) – U.S. services sector expansion slowed slightly in June after accelerating in May but remained in growth territory for two years in a row, with easing in energy prices and a pullback in inventories pointing […]
FOMC Holds Rates Steady; Drops Easing Bias By Ending Forward Guidance
— SEP Shows Fed Officials See Funds Rate Rising To 3.8% By End ‘26; Back to 3.6% end ’27 – -SEP Inflation Forecast Lifted for 2026 From 2.7% to 3.6% — Warsh Didn’t Submit Funds Rate Dot; Half Want Rate Same or Lower; Half Want Rate Hike – -Warsh Committed To 2% Inflation; ‘Compatible’ With […]