New York manufacturing contraction adds fuel for rate cut

WASHINGTON – U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve.

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A reading below 50 indicates contraction in the region’s manufacturing. It added to other weak regional manufacturing surveys, including from the New York Fed, Richmond Fed and Philadelphia Fed.

Ah but it IS a ‘rate cut economy’ when these services are bought with credit, not savings. It’s ALWAYS a rate cut economy when the prosperity is illusory/delusional. There’s no other way to perpetrate the illusion.apart from paying people more.

NEW YORK, Sept 30 (Reuters) – U.S. stock index futures fell on Friday after data showing a continued contraction. 1.0 percent rate in the preliminary (second) estimate. The Institute of Supply.

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Surveys of consumer confidence remain strong, including a confidence index conducted for The New York. contraction or recession this year. Democrats will be in no mood to give Mr. Trump another tax.

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Let me lay out all the recent hopeful signs that the economy is crashing just in time to force the Fed’s first interest-rate cut. State Manufacturing Survey: Both are back in their contraction.

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NEW YORK, May 5 (Reuters) – The Institute for Supply Management, a widely followed industry group, has sharply downgraded its 2009 projections for economic activity and investment in both.

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Volume was light ahead of the US Independence Day holiday on Thursday. Investors, though, are looking to Friday’s US nonfarm payrolls for June, with markets forecasting new jobs of 160,000. US economic reports on Wednesday were mixed and did not really change the dollar’s trading direction.

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