US business output ticks up in October; inflation pressures ease

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S&P Global on Tuesday said its flash U.S. Composite Purchasing Managers Index tracking both the manufacturing and service sectors rose to 51.0 in October...

FILE PHOTO: U.S. President Joe Biden tours the General Motors 'Factory ZERO' electric vehicle assembly plant in Detroit

Later this week the Commerce Department will offer up its scorecard of economic activity for the third quarter, with economists polled by Reuters estimating gross domestic product growth was the swiftest in nearly two years in the period from July through September. The S&P Global survey suggests that momentum has carried over into the start of the fourth quarter.

"The survey's selling price gauge is now close to its pre-pandemic long-run average and consistent with headline inflation dropping close to the Fed's 2% target in the coming months, something which looks likely to be achieved without output falling into contraction," Williamson said. Billionaire Trump donor Anthony Pratt was caught telling the sleazy story in secret recordings obtained by "60 Minutes Australia."Ex-Prosecutor Predicts Ivanka Trump Could Face Tough Choice Over Her FatherAccording to the rumor, the politician shot his wife in the foot while posing with guns for their annual family Christmas card photo.Janis Laizans/ReutersSen.

 

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