Producer Price Index Lower Than Expected in June
The Producer Price Index for final demand fell 0.2% in June, seasonally adjusted, according to the U.S. Bureau of Labor...
Economy
A Short History of Economic Rescues
There would be no hesitancy in 2020, when the pandemic closed the American economy. In just three months, the federal...
ISM: Non-Manufacturing Sector Growth Picks Up in June
The ISM Non-Manufacturing Index grew in June following two consecutive months of contraction. The index registered 57.1%, 11.7 percentage points...
Rising to the Challenge
In this pandemic, America's banks have shown what they're made of—dedicated employees working around-the-clock to help customers shore up their...
Factory Orders Rise 8% in May
New orders for manufactured goods in May, after two consecutive monthly decreases, increased 8.0% to $412.8 billion, the U.S. Census...
U.S. International Trade Balance Widened in May
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
4.8 Million Jobs Added in June
Total nonfarm payroll employment rose by 4.8 million in June, according to the Bureau of Labor Statistics. Total unemployed persons...
FOMC Members: Economic Outlook Remains Extraordinarily Uncertain
As the coronavirus pandemic continues in the U.S., there remain “an extraordinary amount of uncertainty and considerable risks to the...
Construction Spending Drops in May
Construction spending fell 2.1% at a seasonally adjusted annual rate (SAAR) of $1,356.4 billion in May, according to the Census...
Manufacturing Sector Rebounds in June
The ISM Manufacturing Index registered 52.6 points in June, an increase of 9.5 percentage points from the May reading of...
