Page 45 - Jeffrey Roach News Today

Some industries posted blockbuster expansions in April while others lagged far behind.

Some industries posted blockbuster expansions in April while others lagged far behind.

"The labor market is still too tight for the Fed’s liking," said Jeffrey Roach, chief economist for LPL Financial. The Federal Reserve is likely to deliver…

Despite the weakness in factory activity and demand for goods reported by the Institute for Supply Management on Monday, there was a build-up of inflation pressures last month

(Repeats with no change to text) * Manufacturing PMI rises to 47.1 in April * ISM said 73% of manufacturing GDP contracting * New orders improve moderately; prices paid... | 01:48pm

(Adds S&P Global survey, analyst comment, updates markets) * Manufacturing PMI rises to 47.1 in April * ISM said 73% of manufacturing GDP contracting * New orders i... | 11:21am

Activity remained depressed amid higher borrowing costs and tighter credit, which have raised the risk of a recession. Read more at straitstimes.com.

U.S. manufacturing pulled off a three-year low in April as new orders improved slightly and employment rebounded, but activity remained depressed amid higher borrowing costs and tighter credit, which have raised the risk of a recession this year.

Tech shares and a soft domestic growth number gave U.S. markets the best day they’ve had in months.

Tech shares and a soft domestic growth number gave U.S. markets the best day they've had in months.