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Global cost pressures eased in June albeit remaining elevated. Rates of increase of business costs decelerated in the US, eurozone, and UK, with the latter once again seeing a notably firmer rate of increase. A key driver of the slower rate of manufacturing input cost increase in ...
May 2022 was a strong month for U.S. new home builders. The basic mortgage payment for a median new home as a percentage of median household income ticked up from April 2022's initial estimate of 37.8% to 38.4%. With mortgages rates resuming their Biden-era surge over the 5.5% thr...
June saw signs of an increasingly broad-based weakening of the US economy with demand now falling in both the manufacturing and service sectors. The weaker expansions of output in turn reflected a renewed contraction in new orders, the first in almost two years. With the economy a...
A basic and very important fact of which hardly anyone is aware is that a general rise in asset prices has nothing to do with economic progress. An important characteristic of monetary inflation is that the new money does not get injected uniformly throughout the economy and therefore...
The odds for a technical recession appear to be very high. But a technical recession will not derail the Fed's mission to bring down inflation. The Fed will need to get the inflation rate below the nominal GDP growth rate. Don't be surprised if the US is in a technical r...
The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy decreased to 11.254 million in May. The number of private sector quits fell in May, coming in at 4.270 million, down from 4.327 million in April....
The Institute for Supply Management’s composite services index decreased to 55.3 percent in June, falling 0.6 points from 55.9 percent in the prior month. The services employment index declined in June, coming in at 47.4 percent, down from 50.2 percent in May. The latest In...
At the G7 meeting last week, the group agreed on banning Russian gold imports, while working on a mechanism to cap the price of Russian crude oil. Essentially, the G7 is trying to create a “buyer’s cartel” to set a cap on the price of Russian crude oil. After U.S....
A recession is not defined as two consecutive quarters of declining real GDP, though that’s a common rule of thumb. Real GDP dropped 1,6% in the first quarter of 2022. Second quarter estimates will be released in late July, with revisions in August and September as more data be...
Central bankers around the world acted in concert to combat inflation by quickly raising rates. Higher interest rates are toxic for both stocks and bonds. Wise investors understand economics and numbers can only go so far in explaining what is happening from day to day in the mark...
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Factset Rising Stars Index: New index Global Beta Rising Stars ETF: New Fund name Ticker symbol and CUSIP will remain the same PHILADELPHIA, PA / ACCESSWIRE / December 18, 2020 / Global Beta ETFs announced today the Global Beta ETFs Board of Trustees has approved an index an...