Source: Federal Reserve Industrial production in the US increased by 0.9% in March, the third straight month of advances, but slower than 1.2% in February. SPY is down -1.25%, DXY is up +0.18%. Following the February gains, the industrial output maintained an 8.1% elevation in the first quarter compared to the prior year. The index was 5.5% above the prior-year level.The … [Read more...] about US Industrial Production Rises by 0.9%, the Third Straight Month of Increases
Federal Reserve
Federal Reserve Seen to Hike Rates in May and June – Poll
Source: Reuters Economists expect the Federal Reserve to tighten interest rates in the next two months amid a 40% chance of a recession in 2022. QQQ is down 1.77%, while SPY is down 1.20%. A survey of over 100 economists shows that the Fed is predicted to hike interest rates by back-to-back half-point increases in May and June.Some 85 of the 102 economists surveyed expect … [Read more...] about Federal Reserve Seen to Hike Rates in May and June – Poll
