Reported about 13 hours ago
US economic output has soared to its highest level since April 2022, driven by increased optimism among businesses ahead of potential lower interest rates and the incoming Trump administration. The S&P Global's composite PMI for November rose to 55.3, indicating the fastest expansion of business activity in 32 months, particularly in the services sector. Economists forecast a solid 2.6% growth in the fourth quarter, supported by expectations of a more pro-business environment.
Source: YAHOO