Economic news - Recent News from USA

US manufacturing sector activity hits 5-month high in September, IHS Markit says

U.S. factory workerThomas Barwick | Stone | Getty ImagesThe U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.The initial reading of U.S. manufacturing Purchasing Managers’ Index for September reached 51.0, the highest figure since April and up from 50.3 in August. Readings above 50 show an expansion.Conditions […]

Fed's Bullard, explaining his rate cut dissent, says US manufacturing appears to be 'in recession'

James Bullard, president of the Federal Reserve St. Louis.Adam Jeffery | CNBC St. Louis Federal Reserve Bank President James Bullard said he argued for a deeper rate cut than his colleagues approved earlier this week because he fears that the economy is slowing and manufacturing “already appears in recession.”The policymaking Federal Open Market Committee on […]

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