New York manufacturing contraction adds fuel for rate cut

Manufacturing activity in New York State took a record dive this month and fell into contraction, suddenly reversing recent gains, the Federal Reserve Bank of New York reported Monday.

The U.S. central bank on Wednesday cut interest rates for the first time since 2008, to insure against downside risks to the economy from trade tensions and slowing global growth.

New York manufacturing contraction adds fuel for rate cut Fed’s Rosengren wants evidence of slowdown to justify rate cut Market looks for signs of easing in FOMC minutes, Jackson Hole speeches

A gauge of Chicago-area manufacturing activity retreated below 50, the dividing line between expansion and contraction, while a survey of. The dollar USDJPY, -0.04% traded at ¥112.80 late Monday in.

A more-muted rebound from a slow first half would keep pressure on the Federal Reserve to hold interest rates near zero. chief U.S. economist at JPMorgan in New York, who cut his third-quarter.

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Business activity in New York contracted in June, as tariffs and a slight softening in the labor market took a toll on conditions. The Empire State Manufacturing Survey’s general business conditions.

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When the markets absorbed the speech from Yellen, the dollar started to fall again: A lower dollar adds fuel. tax cuts will unleash an investment wave and an influx of foreign capital. Here is.

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He and New York fed president. insurance cut: 7:30 a.m. “How much risk are we facing from the fact that we’ve got a global.

Updates to Facebook’s ad targeting and communication settings. given the recent increase in implied likelihood of rate cut(s) this year. On tap are chicago fed president Evans, New York’s Williams,

Latest manufacturing and services sector data comes in weak. Pan Kwan Yuk in New York.. a rate cut would help promote a more rapid return of inflation and inflation expectations to target.

New York, West Virginia, and Wyoming have all seen declines that rival Puerto Rico’s recent experience. But the gravity of the problem becomes more apparent when Puerto Rico, a commonwealth, is compared with countries around the globe: According to estimates for 2014,1 Puerto Rico ranks a surprising seventh in population loss.