financetom
Economy
financetom
/
Economy
/
Kansas City Fed Services Index Rebounds in February, Indicates a Return to Expansion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kansas City Fed Services Index Rebounds in February, Indicates a Return to Expansion
Feb 28, 2025 8:18 AM

11:09 AM EST, 02/28/2025 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index rebounded to a reading of 2 in February after falling to minus 4 in January, suggesting a return to expansion.

A reading above zero indicates growth.

The index is in line with the Richmond Fed and Dallas Fed indexes but in contrast with the New York Fed, Philadelphia Fed and the S&P Global Flash indexes that signaled contraction.

There was an increase in the Kansas City revenue/sales reading to minus 1 from minus 8, while the employment reading rose to 3 from minus 1.

The reading of selling prices increased to 15 from 14, while the input price index rose to 40 from 34.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US money market funds see large inflows as election nears
US money market funds see large inflows as election nears
Nov 3, 2024
(Reuters) - U.S. money market funds attracted substantial inflows in the week to Oct. 23 as uncertainty over the U.S. presidential election and a reassessment of Federal Reserve rate outlook boosted demand for safer assets. According to LSEG data, investors acquired a net $29.98 billion worth of money market funds during the week, posting their fourth weekly net purchase in...
Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets
Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets
Nov 3, 2024
(Reuters) -The U.S. Federal Reserve cut interest rates by an oversized 50 basis points in its Sept. 17-18 meeting that Chair Jerome Powell said was meant to show policymakers' commitment to sustaining a low unemployment rate now that inflation had eased. Fed policymakers also projected the benchmark interest rate would fall by another half percentage point by the end of...
Global money market funds draw large inflows on election-driven caution
Global money market funds draw large inflows on election-driven caution
Nov 3, 2024
(Reuters) - Global investors channelised large investments into the safety of money market funds in the week through Oct. 23 on caution over the upcoming elections in the United States and Japan, and the shift in the outlook for U.S. interest rates. According to LSEG Lipper data, investors racked up a significant $25.78 billion worth of global money market funds...
G20 welcomes recommendations to unlock funding for climate transition projects
G20 welcomes recommendations to unlock funding for climate transition projects
Nov 3, 2024
WASHINGTON (Reuters) -A group of funds backed by the world's 20 largest economies aimed at financing climate transition projects needs to be more targeted and operate with greater efficiency to improve the slow pace of disbursements, according to a report on Thursday from the G20's sustainable finance working group. The G20 stated that because climate and environmental funds have different...
Copyright 2023-2025 - www.financetom.com All Rights Reserved