Reported about 14 hours ago
US business activity has expanded at its fastest rate since April 2022, bolstered by positive expectations surrounding incoming Trump administration policies. The S&P Global composite output index rose to 55.3, indicating growth largely driven by services, while manufacturers expressed the most optimism about future production since early 2022. Concurrently, price measures declined, suggesting inflation remains below the Federal Reserve's target, presenting a broadly positive outlook despite ongoing contraction in the manufacturing sector.
Source: YAHOO