As Demand Drives Down The Price Of Oil In Global Markets, Sources Find That Industry Is Tapping Little Used Wells At A Near Historic Rate.
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St. Louis Fed President James Bullard backs further interest rate increases and cites the strong new job production numbers the economy continues to post following the last two years of lockdowns despite other economic and employment figures which point to slowdowns in the face of generationally high inflation.
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US Business Activity renewed its sharp contraction in June 2022 down substantially from a multiyear peak in mid-2021. The contraction coincided with sharply higher business and other related costs according to S & P Global.
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Fed Finds Sour Manufacturing Activity Numbers in the Northeast and a Lack of Economic Optimism Amongst That Regions Manufacturers over the next 6 Months.
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Recently enacted California state budget creates a tax on lithium mined in the Salton Sea area of California that raises the cost of this price sensitive and economically vital metal which is the key ingredient for batteries for every modern chargeable device and car.
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America’s Chief Financial Officers have turned sour on the economic outlook for their companies and the larger national economy. The survey, produced by the Federal Reserve Banks of Richmond and Atlanta in coordination with Duke University identified that CFO concerns about the economy are the highest since 2012.
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Delays in the Supply Chain Are Developing Inland from Ports due to a lack of rail, highway, and logistics infrastructure according to Bloomberg.
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Richmond Federal Reserve Bank finds that rate of growth in manufacturing activity has continued to contract over the last six months and now is in full contraction in line with other bear market and potentially recessionary signs.
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