The numbers: A key barometer of American factories fell to a 25-month low of 52.8% in July in a sign of creeping weakness in the U.S. economy. The good news? Inflation Read more
Tag: slowest
This measure of the money supply has been growing at the slowest rate since the Great Depression
The Federal Reserve has long since given up on the idea that changes in the money supply are a main driver for inflation, though monetarism still has its adherents, in Read more
U.S. businesses grow at slowest pace in 2 years, ISM shows, as economy softens
The numbers: An ISM barometer of business conditions at service-oriented companies such as restaurants, hotels and retailers fell slightly to 55.3% in June and hit the lowest level in two years Read more
U.S. manufacturers grow at slowest pace in 2 years, ISM finds, as demand softens
The numbers: The ISM barometer of American factories fell 3.1 points to a two-year low of 53% in June in another sign the U.S. economy is slowing. High inflation is still Read more