- Prior was -0.6% (revised to -0.9%)
- Manufacturing output +0.3% vs +0.4% expected
- Prior manufacturing output -0.7% (revised to -0.8%)
- Capacity utilization 78.8% vs 79.1% prior
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Canadians ditch US trips amid political tension, impacting New England tourism. Travel data shows a steep decline.
August CPI jumps! Grocery & gas prices surge. Morgan Stanley sees 3 Fed cuts, but firm inflation pulls Fed in opposing directions.
Trump eyes 50-100% tariffs on Russian oil if NATO joins; markets watch for coordinated action.
Social Security COLA projected at 2.8% for 2026. Changes loom Sept 30, with more Jan 1. Retirees watch impact.
Health insurance costs jump 15%+, highest since 2010. 'Medicare for All' could save $650B annually. Insurers & drug firms blamed.
Oilfield automation surges with AI, cutting jobs by 35% but boosting efficiency. Crude prices at $63, rigs down 70%.
Fed holds rates steady amid inflation fears; traders price 93% chance of a 0.25% cut next.
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