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From cnbc.com | 49 min ago
The search for a new president of the Federal Reserve Bank of Atlanta now entering its seventh month is being watched carefully for how new Fed Chairman Kevin Warsh intends to reshape the interest rate-setting Federal Open Market Committee. That process has shifted as Warsh has begun to put his stamp on the central bank. The Fed was considering ...
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This morning we found out that Euro-area business activity shrank less than anticipated in June (Services up/beat, Manufacturing down/miss). S&P Globals Composite PMI rose to 49.5 from 48.5, topping estimates but remaining below the 50 mark that indicates growth. "The eurozone economy is showing enough resilience to just about stay out of recession." ...
A decade after the public referendum vote that led to the United Kingdom's "Brexit" from the European Union, a majority of Britons now say leaving the bloc was a mistake, according to a recent survey by the independent YouGov polling organization. "Brexit has been an absolute disaster for the country," one pro-EU campaigner told France 24 on Monday, the eve ...
Kevin Warsh feels strongly that the Fed should stop micromanaging markets. In fact, he feels so strongly about this that last weeks FOMC statement dropped its forward guidance, he didnt contribute to the infamous dot plot, and refused to answer any and all questions in the press conference on the path ahead for monetary policy. You can debate whether ...
It's poised to be a volatile day as Eurozone and UK PMIs both show economic contractions while technology stocks get dumped across the globe. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at todays chart of the day, EUR/USD.
Fifth District manufacturing activity was flat in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index decreased to 4 in June from 13 in May. All three of its component indexes fell in June, although both shipments and new orders remained in positive territory. Shipments fell to 3 from 16, ...
US business activity growth improved for a third successive month in June, according to flash PMI survey data from S&P Global. However, the rate of growth remained weaker than at the start of the year. Companies also cut back on their staffing levels amid concerns over the outlook and in response to rising overheads, notably in terms of raw material prices. ...
As Brazil takes a greater share of Chinese soybean purchases away from American farmers, the U.S. is trying to win back buyers by emphasizing crop quality. Soybean production in North America and soybean production in South America is very different, Carlos Salinas, executive director, East Asia, at the U.S. Soybean Export Council said in a presentation ...
For the four weeks ending June 6, 2026, U.S. private employers added an average of 30,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER). It was the first pickup in hiring since May 2, 2026. These numbers are preliminary and could change as new data is added. The NER Pulse is an estimate of the ...
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