Last updateMon, 10 Dec 2018 7pm


Asst. Commerce Secretary: Create a Secretary of Manufacturing

Three events in the last few months highlight why the United States needs a Secretary of Manufacturing, who will sit at the Cabinet Table with as much sway and importance as the Secretary of Agriculture, the Secretary of Defense, or any other Cabinet Officer.


We need to create jobs that have a multiplier effect and that build on our comparative advantage.


Source: Huffington Post


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Fed Sees Signs of Hope for Economy

The U.S. economy's downward slide is slowing, with more regions seeing signs of stabilization since mid-June, according to the Federal Reserve's latest snapshot.


The Fed's "beige book," a compilation of impressions from businesses across the country that was released Wednesday, offered a brighter assessment than a previous report, which suggested that the economy continued to deteriorate in April and May.


Source: Washington Post


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U.S. Durable Goods Orders Rise Excluding Cars, Planes

Orders for U.S. durable goods, excluding automobiles and aircraft, unexpectedly rose in June, signaling manufacturing may expand in the second half of the year.


Excluding transportation equipment, demand for goods meant to last several years climbed 1.1 percent, the most in four months, the Commerce Department said today in Washington. Total orders fell 2.5 percent, the first decrease in three months.


Source: Bloomberg


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U.S., China Tackle Prickly Issues

In his administration's first high-level dialogue with Chinese officials, President Obama on Monday sought to strike a note of cooperation between the two countries -- a contrast from his often-critical tone during the presidential campaign. But his ambitious to-do list, coupled with continued differences between the two sides over social and economic issues, may make concrete progress difficult in the near term.


Source: Wall Street Journal


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JoC-ECRI Index Shows First Growth in a Year

The Journal of Commerce-Economic Cycle Research Institute index of global industrial prices moved into positive territory for the first time in almost a year for the week ending July 24, signaling an improvement in global demand for the raw materials that go into industrial production.


The Industrial Price Index, based on the daily prices of raw materials used in industrial production, ended the week growing 3.3 percentage points to 86.1637, the highest point IPI has reached since Oct. 24, 2008.


Source: Journal of Commerce


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