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Jan 3, 2025
US ISM Manufacturing PMI improves to 49.3 in December vs. 48.4 expected
The business activity in the US manufacturing sector continued to contract, albeit at a softening pace in December, with the ISM Manufacturing PMI rising to 49.3 from 48.4 in November.
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Jan 3, 2025
Fed's Barkin: We must see inflation at 2% or weakening in demand to cut rates.
Federal Reserve (Fed) Bank of Richmond President Tom Barkin delivered prepared remarks to the Maryland Bankers Association in Maryland on Friday, outlining the Fed's case for when to cut rates again, and the conditions required to do so.
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