Fed's Empire State manufacturing index in January decline
The numbers: The Empire State survey of business conditions nosedived to -0.7 points in January from 31.9 in the prior month, the New York Federal Reserve said, reflecting fresh strains from omicron as well as ongoing supply-chain bottlenecks.Any reading below zero indicates worsening conditions.
Market reaction: The Dow Jones Industrial Average DJIA, -0.56% and S&P 500 SPX, +0.08% were set to open lower in Tuesday trades. Omicron and the prospect of U.S. interest rates rising soon have deflated equities markets lately.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump plans to build luxury homes at Miami resort as real estate empire faltersThe former president has announced an application for 2,300 units of luxury housing, retail, and commercial space to be built at Trump National Doral.
Read more »
New York State announces $2 million fund for victims of Bronx fire as mass funeral heldNew York State is giving $2 million to a fund for the victims of last week's Bronx fire that killed 17 people, New York Lt. Governor Brian Benjamin announced Sunday.
Read more »
Guests on Sunday talk shows: Rep. James Clyburn on CNN's 'State of the Union'Sunday talk show guests: January 16: South Carolina Rep. James Clyburn, 'State of the Union'; 'Face the Nation'; 'Meet the Press'; 'Fox News Sunday'; '60 Minutes'
Read more »
US Banks Form Group to Offer USDF StablecoinA group of U.S. banks plans to offer its own stablecoin — called $USDF. It’s a move to tackle concerns about the reserves behind nonbank-issued equivalents.
Read more »
Massive winter storm slams East Coast, with another arctic blast in towSLIPPING AND SLIDING: The winter storm that hit the Southeast left behind icy roads, with drivers in Raleigh, North Carolina, seen swerving on the slick pavement. North Carolina State Highway Patrol has reported hundreds of vehicle collisions.
Read more »