U.S. economy perks up, S&P finds, as inflation eases and recession worries dim
The numbers: The U.S. economy showed signs of a rebound in February, S&P Global surveys showed, as worries about inflation and a potential recession eased.
The... The numbers: The U.S. economy showed signs of a rebound in February, S&P Global surveys showed, as worries about inflation and a potential recession eased. The S&P Global U.S. manufacturing sector index, meanwhile, edged up to a four-month high of 47.8 from 46.9.The S&P Global surveys are among the first indicators each month to assess the health of the economy.Yet employment levels “remained buoyant,” S&P Global said, as companies expect greater demand for their goods and services “in the coming months.”
The Federal Reserve is also worried about how fast wages are rising, because that could hinder its effort to tame high inflation. The Fed wants the growth in pay to slow to 3% or less from a recent high of more than 5% a year.
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