economic-data News
US Services Sector Growth Hits 8-Month High, Dampening Rate Cut Hopes
October's robust ISM PMI reading signals continued economic resilience and rising price pressures, complicating the Federal Reserve's policy path.
US Private Payrolls Beat Forecasts, Dampening Fed Rate Cut Hopes
A stronger-than-expected ADP jobs report has prompted traders to scale back bets on a December interest rate cut, complicating the outlook for equities.
Supreme Court Weighs Presidential Tariff Power in High-Stakes Case
A ruling could upend key trade policies and affect billions in commerce, with over $100 billion in collected duties hanging in the balance for import-reliant industries.
US Manufacturing Slump Deepens as Key Index Misses Forecasts
The ISM Manufacturing PMI fell for the eighth consecutive month to 48.7, signaling a persistent industrial slowdown amid shifting Fed policy expectations.
US Factory Activity Contracts Unexpectedly, Stirring Economic Growth Fears
October's ISM Manufacturing PMI fell to 48.7, marking an eighth straight month of decline as new orders and production weakened, complicating the Fed's policy outlook.
US Banks Tighten Lending as Consumer Delinquencies Hit Pre-Pandemic Highs
Rising defaults on credit cards and auto loans signal growing stress on household finances, posing a headwind for US economic growth.
US to End Work Permit Extensions, Sparking Labor Supply Fears
Policy reversal eliminates 540-day automatic renewal for immigrant workers, raising concerns of labor shortages and operational disruption in key sectors.
US Economy Faces $14 Billion Hit as Government Shutdown Drags On
Congressional Budget Office warns of severe economic damage, but markets remain surprisingly resilient amid the political stalemate in Washington.