Highest Inflation Rate Since February 1982 With the highest inflation rate since February 1982, the Consumer Price Index increased 0.6 percent in January on a seasonally adjusted basis. Over the last 12 months, inflation has burned at a 7.5 percent rate before seasonal adjustment. US Raw Steel Production Down from Prior Week In the week [...]
Texas Factory Activity Increased in January Texas factory activity increased in January, according to the Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey. While factory activity continued to increase in January, it was at a slower pace, per the executives responding to the survey. The production index, a key measure of state manufacturing conditions, [...]
Led by Declines in Production-related Indicators, the Chicago Fed National Activity Index (CFNAI) Fell in December Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to -0.15 in December from +0.44 in November. Two of the broad categories of indicators used to construct the index made negative contributions in December. [...]
Owners' Expectations for Earnings Raise Small Business Optimism Led by owners' expectations for earnings, economic conditions and staffing, seven of the Small Business Optimism Index 's 10 components increased during the month. The NFIB small Business Optimism Index edged 0.5 points higher in December, to 98.9. Staffing concerns and inflation remain the most pressing issues for [...]
See Summit Steel at Shot Show in Las Vegas See Summit Steel at Shot Show in Las Vegas at Booth #51804. We'll be at the Supplier Showcase on Monday and Tuesday, January 17 and 18, at the Sands Convention Center. US Raw Steel Production Down from Previous Week In the week ending January 1, 2022, [...]
Reflecting on 2021 Reflecting on 2021, first, Happy New Year and I hope you all had a blessed Christmas holiday! We continue to deal with covid and though the hysteria is politically motivated, the reality is that this virus is not going anywhere, it has become endemic, like the flu or the common cold. We [...]
In Hoc Anno Domini In this year of the Lord When Saul of Tarsus set out on his journey to Damascus the whole of the known world lay in bondage. There was one state, and it was Rome. There was one master for it all, and he was Tiberius Caesar. Everywhere there was civil order, [...]
THE DESOLATE WILDERNESS Here beginneth the chronicle of those memorable circumstances of the year 1620 as recorded by Nathaniel Morton, keeper of the records of Plymouth Colony, based on the account of William Bradford, sometime governor thereof: So they left that goodly and pleasant city of Leyden, which had been their resting place for above [...]
US Drops Tariffs on Steel and Aluminum Imports US drops tariffs on steel and aluminum imports, according to a US Department of Commerce announcement on October 31. It will drop tariffs on steel and aluminum imported from the E.U. and replace them with a quota system to allow for some duty-free tax imports. In exchange, [...]
New Home Sales Jumped 14% New home sales jumped 14% to an 800k-unit pace in September, the strongest since March. The median selling price was up 18.7% over the year, a more moderate increase compared to the 23.3% realized in the prior month. Wells Fargo US Raw Steel Production Down from Previous Week In the [...]
