Economy
French Winegrowers Protest Cheap Bordeaux
Services Economic Activity Expands Again in March
Manufacturing Sector Expands for 1st Time in 16 Months
Fed Holds Interests Rates Steady
The Federal Reserve has kept the policy rate unchanged at 5.25-5.5%, as widely expected, but acknowledged growth "has slowed from its strong pace in the third quarter" plus a recognition that "inflation has eased over the past year".
Fed Chair Jay Powell went
What's with the Economy -- Consumers Spending Up, High Interest Rates, Persistent Inflation
Both the Associated Press and The Wall Street Journal seem a little puzzled. Conventional theory says that with interest rates and inflation so high, consumers should be pulling back on their spending. But instead, they are spending like drunken sailors.
The fact some Americans are spending freely is, we think,
Services Sector Grew for 9th Consecutive Month in September
Economic activity in the services sector expanded in September for the ninth consecutive month as the Services PMI registered 53.6%, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 39 of the last 40 months, with