Morningstar on Nostr: U.S. economy expanded in March at slightly slower speed, ISM shows ========== The ...
U.S. economy expanded in March at slightly slower speed, ISM shows
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The Institute for Supply Management's survey shows that the U.S. economy expanded in March at a slightly slower speed. The ISM services index dipped to a three-month low of 51.4%, down from 52.6% in the prior month. Economists had predicted an ISM reading of 52.7%. Numbers over 50% are viewed as positive for the economy. The economy has largely shrugged off the highest interest rates in 23 years and is growing at an above-average speed. The economy could get more fuel to expand this year due to low unemployment, steady hiring, and the likelihood that the Federal Reserve will trim interest rates. In early Monday trades, the Dow Jones Industrial Average and S&P 500 were barely changed following sharp losses on Tuesday.
#UsEconomy #IsmServicesIndex #BusinessConditions #Expansion #InterestRates #Unemployment #Hiring #FederalReserve #DowJonesIndustrialAverage #S&p500
https://www.morningstar.com/news/marketwatch/20240403224/us-economy-expanded-in-march-at-slightly-slower-speed-ism-shows
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The Institute for Supply Management's survey shows that the U.S. economy expanded in March at a slightly slower speed. The ISM services index dipped to a three-month low of 51.4%, down from 52.6% in the prior month. Economists had predicted an ISM reading of 52.7%. Numbers over 50% are viewed as positive for the economy. The economy has largely shrugged off the highest interest rates in 23 years and is growing at an above-average speed. The economy could get more fuel to expand this year due to low unemployment, steady hiring, and the likelihood that the Federal Reserve will trim interest rates. In early Monday trades, the Dow Jones Industrial Average and S&P 500 were barely changed following sharp losses on Tuesday.
#UsEconomy #IsmServicesIndex #BusinessConditions #Expansion #InterestRates #Unemployment #Hiring #FederalReserve #DowJonesIndustrialAverage #S&p500
https://www.morningstar.com/news/marketwatch/20240403224/us-economy-expanded-in-march-at-slightly-slower-speed-ism-shows