Jeffrey Lacker lays out rationale for why he doesn’t agree with pledging to keep interest rates low for at least two more years. He also foresees the U.S. economy continuing to improve.
Originally from MarketWatch
Jeffrey Lacker lays out rationale for why he doesn’t agree with pledging to keep interest rates low for at least two more years. He also foresees the U.S. economy continuing to improve.
Originally from MarketWatch
Jeffrey Lacker lays out rationale for why he doesn’t agree with pledging to keep interest rates low for at least two more years. He also foresees the U.S. economy continuing to improve.
Originally from MarketWatch
WASHINGTON (MarketWatch) - The Richmond Federal Reserve said manufacturing activity in its six-state region increased in January, mirroring improvements seen in similar regional indexes. The bank said its current-activity index rose to 12 from 3, with most companies expecting business to improve over the next six months. The new-orders index doubled to 14 from 7 and the hiring index climbed 3 points to 20. In addition, the index measuring expected orders over the next six months rose 11 points to 32. The Richmond Fed's region stretches from Maryland to South Carolina.
Originally from MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks eased back on Tuesday declines after the Richmond Federal Reserve's regional manufacturing survey rose to 13.5 in January from 8.2 the month before. "The figure today still points to a sector that is hanging in pretty well notwithstanding the slowdown pressures in Europe and Asia," said Peter Boockvar, equity strategist at Miller Tabak. After a 95-point drop, the Dow Jones Industrial Average was lately off 55.48 points at 12,653.34. The S&P 500 shed 5.88 points to 1,310.18. The Nasdaq Composite declined 6.59 points to 2,777.58.
Originally from MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks eased back on Tuesday declines after the Richmond Federal Reserve's regional manufacturing survey rose to 13.5 in January from 8.2 the month before. "The figure today still points to a sector that is hanging in pretty well notwithstanding the slowdown pressures in Europe and Asia," said Peter Boockvar, equity strategist at Miller Tabak. After a 95-point drop, the Dow Jones Industrial Average was lately off 55.48 points at 12,653.34. The S&P 500 shed 5.88 points to 1,310.18. The Nasdaq Composite declined 6.59 points to 2,777.58.
Originally from MarketWatch
WASHINGTON (MarketWatch) - The Dallas Federal Reserve on Tuesday said its regional manufacturing index rose to -1.3 in December from -5.1 in November, indicating that the pace of decline in activity has slowed. A similar survey released Tuesday by the Richmond Federal Reserve also showed improvement, rising to 3.0 in December from zero the month before. Both indexes add to a growing list of data that show business is improving for U.S. manufacturers after a summer slowdown.
Originally from MarketWatch
WASHINGTON (MarketWatch) - The Richmond Federal Reserve on Tuesday said its manufacturing index was unchanged in October at -6, as shipments and plans for hiring fell. The new orders gauge rose 12 points to finish at -.5, however. Two months ago, the Richmond Fed's index hit its lowest level since June 2009. The Richmond Fed is a diffusion index, calculated by subtracting the percentage of respondents who say activity has dropped from those who say it has increased.
Originally from MarketWatch
Forex Pros – Manufacturing activity in Richmond fell more-than-expected in March, official data showed on Tuesday.
In a report, the Federal Reserve Bank of Richmond said that its manufacturing index fell to 20.0 in March, compared to a reading of 25.0 in February.
Analysts had expected the index to decline to 23.0 in March.
On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions.
According to the report, shipments and new orders grew at a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
Originally from DailyMarkets.com
The president of the Richmond Fed says the U.S. central bank should seriously review its $600 billion bond-buying plan in light of the distinct improvement in the economy.
Originally from MarketWatch
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