Chicago Business Barometer Rose to Its Highest Level Since January 2015 The MNI Chicago Business Barometer rose 7.0 points in November, its highest level since January 2015. The increase added momentum to the fourth, four of the five Barometer components increased with only Employment falling. Midwest Economy Index Deceased Slightly The Midwest Economy Index (MEI) [...]
Special Bar Quality - SBQ prices gained some $40 per ton for January shipment following this month’s rise in No. 1 busheling prices in Chicago, market participants said. Still no base price increases were reported in the market with SBQ tags continuing to ride scrap adjustments. Nonetheless some optimism in the market bodes well for [...]
The Federal Reserve Bank Raised Its Benchmark Short Term Interest Rate for the First Time in 2016 The Fed expects to lift the short term interest rate faster than previously projected in the coming year. Why? Because they thought Hillary would win and our economy would continue to slog along. However, the Trump administration has destroyed [...]
Stock Market Highs Indicate Rising American Prosperity On Wednesday the Dow Industrials rose 298 points, the S&P and Nasdaq hit new highs as well. Bank stocks and industrial companies led the charge as the Trump Train continues to roll on to rising American prosperity. The stock market has been rising since the election. Advance Report [...]
Overall Economy Grew for the 90th Consecutive Month The Institute for Supply Management (ISM) released its November Report on Business: economic activity in the manufacturing sector expanded in November and the overall economy grew for the 90th consecutive month, say the nation's supply executives in the latest report. The November PMI registered 53.2 percent, an [...]