New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]
The U.S. trade deficit blew up in December, once again hitting its highest monthly total since 2008, indicating President Donald Trump’s tariffs have been ineffective. The trade deficit rose 18 percent in December to $59.8 billion, according to data released by the Commerce Department on Wednesday. The data also showed […]
Consumer prices remained unchanged for the third consecutive month amid rapid job creation and wage growth, signaling to the Federal Reserve Board that planned interest rate increases may not be necessary after all. The 12-month percent change in CPI in January, that is, the consumer inflation rate over the last […]