2023 Outlook: What to Expect in the Supply Chain RedStone Resource January 4, 2023 Inside This EditionBusiness Investment Still Growing Despite surveys which show an anticipated decrease in business investment and spending, the current national data shows that there is no deceleration yet in total spending. The Census Bureau showed that business investment came in…
Twenty Countries with PMIs in Contraction – Good for US Manufacturing? RedStone Resource December 16, 2022 Inside This EditionFederal Reserve Does Not Ease Market Tension The Federal Reserve hiked interest rates by 50 basis points as expected, the Federal Funds Effective Rate is now at 4.28% and is likely to continue to increase until the…
Rail Strike Likely Averted, Hurdles Remain RedStone Resource December 2, 2022 Inside This EditionChina Easing Zero Covid Restrictions – Mixed News for the Global Supply Chain The Chinese government has said that it will begin to ease restrictions in its zero-Covid policy. Protests across the country likely weighed heavily on the decision to publicly start…
Consumer Spending Continues to Surprise Despite Inflation Headwinds RedStone Resource November 21, 2022 Inside This EditionInflation Remains High Despite Some Softening in October The Consumer Price Index for October came in 7.8% higher year-over-year, this was down from an 8.2% inflation rate in September and this reversal of trend changed sentiment in the stock market.…
Q3 GDP Comes in at 2.6%, Higher Than Expected But There is a Catch RedStone Resource November 1, 2022 Inside This EditionGlobal Supply Chain Pressures Index Still High, But Decelerating The current index came in at 1.05 (that is, 1.05 points higher than the historic average). This is well off the peak hit in December…
Could US Q3 GDP Surprise to the Upside? RedStone Resource October 19, 2022 Inside This EditionUS Dollar Continues to Build Strength The US dollar index is at its highest levels since 2002. A combination of the US Federal Reserve hiking interest rates and global flight to safety has pushed the dollar higher. The impacts can…
Hurricane Ian Could Have Damaged More Than a Million Homes RedStone Resource September 30, 2022 Inside This EditionChina’s Yuan Hits Lowest Levels Against the Dollar Since 2008 Currencies around the world are generally falling against the dollar as the US Federal Reserve hikes interest rates. The Chinese yuan has lost 10.7% against the dollar since…
US Consumer Continues to Spend RedStone Resource September 16, 2022 Inside This EditionFalling Maritime Rates as Global Supply Chain Faces Continuing Hurdles Maritime rates around the world continued their deceleration trend as China and Europe both start to face industrial production challenges. The global supply chain situation is getting more complex by the week as…
China’s Drought Intensifies, Rekindles Global Supply Chain Uncertainty RedStone Resource September 2, 2022 Inside This EditionCass Freight Shipments Index Shows Mixed Conditions in July The Cass Freight Shipments Index showed some mild deceleration in July, slipping by 1.7% month-over-month. However, it was still trending just slightly higher on a year-over-year basis rising by 0.4% Drug…
Global Supply Chain Pressures Index Remains High for Shippers RedStone Resource August 17, 2022 Inside This EditionGlobal Supply Chain Pressures Index Remains High for Shippers The New York Federal Reserve released its latest Global Supply Chain Pressures Index and it came in at 1.84, which is still historically high when compared to data stretching back…