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US April Industrial Production Rises 0.7%, Beating Expectations

US April Retail Sales Beat Expectations, Consumption Resilience Eases Economic Fears

US April Retail Sales Rose 0.5% Month-over-Month

US Leading Economic Index Slides 0.6% in March

US Q1 GDP Price Index Released at 3.6%

US March Durable Goods Orders Surpass Expectations

US Major Indices Decline as Mixed Economic Data Reveal Challenges

Norwegian Sovereign Wealth Fund Continues to Hold US Stocks

Fed Beige Book: Economic Activity in Twelve U.S. Districts

US Durable Goods Orders for February Finalized at -1.3%

US Wholesale Inventories Unexpectedly Increase by 0.8% in February

US Wholesale Sales Rise More Than Expected in February

US Commerce Department Releases GDP Data

US Personal Income Rate for February Released at -0.1%

FOMC Minutes Discuss Potential Future Rate Cuts and Inflation Concerns

US February Consumer Credit Falls Short of Expectations

US to release NY Fed's one-year inflation expectation for March

ADP data shows increase in US private sector employment

U.S. Economic Data Summary on April 3, 2023

US Growth Stagnates in March, Services Sector Contracts

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The Great American Squeeze of 2026 highlights the economic struggles faced by Americans due to rising costs of living, with consumer sentiment at a 74-year low. While the wealthy benefit from a booming stock market, middle and lower-income families are increasingly burdened by debt and inflation, leading to a K-shaped economy where the divide between the rich and poor widens. This situation may signal the onset of a recession as lower-income households cut back on spending.

- The article highlights the economic struggles of American consumers facing rising costs amid stagnant wages, creating a K-shaped economic divide.  
- While wealthier households benefit from stock market gains, middle- and lower-income families increasingly rely on credit to manage basic expenses, leading to financial distress.  
- Experts warn that without significant wage growth, the economic squeeze on lower-income households will worsen, exacerbated by geopolitical tensions affecting energy prices.

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The Great American Squeeze Of 2026

April inflation surged to 3.8%, exceeding wage growth and diminishing workers' spending power. As a result, 53% of Americans with side hustles report they rely on these earnings, averaging $1,275 monthly, to cover essential expenses. This trend is evident in West Michigan, where residents are starting various ventures, indicating a national shift towards supplemental income.

- April inflation reached 3.8%, outpacing average wage growth and diminishing workers' purchasing power for the first time in three years.  
- A study found that 53% of Americans with side jobs rely on them to cover essential expenses, earning an average of $1,275 monthly.  
- The trend is illustrated locally in West Michigan, where residents are starting businesses ranging from woodworking to dog sitting, aligned with a national shift towards supplemental income.

Inflation surge pushes more Americans into side hustles

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US manufacturing output rose 0.6% in April, marking the largest gain in 14 months, driven by motor vehicles and high-tech goods. However, geopolitical tensions in the Strait of Hormuz are straining supply chains and raising costs. Additionally, producer prices have increased at the fastest rate in four years, raising concerns about inflation and potential demand slowdown.

- Manufacturing output increased by 0.6% in April, marking the largest gain in 14 months, primarily driven by motor vehicles and high-tech goods.  
- Supply chains are under strain due to geopolitical disruptions in the Strait of Hormuz, which are raising costs and causing material shortages.  
- Producer prices have risen at the fastest rate in four years, raising concerns about ongoing inflation and a potential slowdown in demand.

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US manufacturing posts strongest gain since early 2025

US industrial production increased by 0.7% in April, the largest rise in over a year, following a 0.3% decline in March. Manufacturing output rose by 0.6%, driven by gains in motor vehicles and parts. Despite challenges from the Iran war and tariffs, the sector shows resilience, although inflation pressures may persist. Capacity utilization at factories reached 75.8%, the highest since September.

- U.S. industrial production rose by 0.7% in April, marking the highest increase in over a year, according to data from the Federal Reserve.  
- The manufacturing output, which constitutes roughly three-quarters of industrial production, saw a 0.6% rise, driven by significant growth in the automotive sector.  
- Although the industry faces potential cost increases due to geopolitical tensions and supply chain pressures, strong performance is supported by tax cuts and robust data center activity.

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US industrial production rises by most in over a year

The New York Manufacturing Index rose unexpectedly to 19.6 in May from 11.0 in April, indicating strong growth in manufacturing activity, according to the Federal Reserve Bank of New York. Economists had anticipated a decline to 7.8, making this increase surprising.

- The New York Federal Reserve reported strong growth in manufacturing activity for May.  
- The general business conditions index rose sharply from 11.0 in April to 19.6 in May, indicating unexpected growth.  
- Economists had anticipated a decrease to 7.8, making the increase surprising.

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New York Manufacturing Index Unexpectedly Jumps To Four-Year High In May

The Shiller CAPE ratio for U.S. stocks is nearing levels seen during the 1999 dot-com bubble, indicating potential overvaluation. This raises concerns about possible market corrections, as similar valuation peaks have historically preceded significant downturns.

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Shiller CAPE Ratio for U.S. Stocks Nears 1999 Dot-Com Peak

Poll: Fed to cut fed funds rate at least once this year, said 48 of 101 economists (71 of 103 in April poll)

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Poll: Fed to cut fed funds rate at least once this year, said 48 of 101 economists (71 of 103 in April poll)

Despite high gas prices and inflation, U.S. consumer spending remains strong, supporting economic growth. Retail sales rose in April, and credit-card spending increased, indicating consumer resilience. However, some economists warn that inflation may be eroding living standards, and lower-income households are feeling more financial stress. The economy is showing signs of a 'K-shaped' recovery, with wealthier Americans faring better than those with lower incomes.

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High gas prices and inflation are stressing people out - but the economy will be fine as long as they keep spending

Kevin Warsh will be sworn in as the new chair of the US Federal Reserve on Friday, succeeding Jerome Powell. His arrival coincides with a significant drop in rate cut expectations, with only a 38.2% chance of cuts by 2026. Warsh is perceived as more hawkish on inflation, which contrasts with President Trump's push for immediate rate cuts. His first major policy test will be at the June 16 Federal Open Market Committee meeting, amid concerns about potential conflicts of interest due to his investments in AI and crypto companies.

Market News: Kevin Warsh Takes Over as Fed Chair Friday as Rate Cut Hopes Hit Historic Lows

A report from the Commerce Department indicates that U.S. retail sales rose by 0.5% in April, aligning with economist expectations. This follows a revised increase of 1.6% in March. Economists had anticipated a 0.5% growth, slightly lower than the previously reported 1.7% increase.

- The U.S. Department of Commerce reported that retail sales in April increased by 0.5%, aligning with economists' expectations.  
- The report also revised March's sales growth down to 1.6% from an initial estimate of 1.7%.  
- Economists had predicted a 0.5% increase for April, reflecting cautious optimism about consumer spending trends.

U.S. Retail Sales Increase In Line With Estimates In April

Dow Jones U.S. Index(.DJUS.US)

The Great American Squeeze Of 2026

Inflation surge pushes more Americans into side hustles

US manufacturing posts strongest gain since early 2025

US industrial production rises by most in over a year

New York Manufacturing Index Unexpectedly Jumps To Four-Year High In May

Shiller CAPE Ratio for U.S. Stocks Nears 1999 Dot-Com Peak

Poll: Fed to cut fed funds rate at least once this year, said 48 of 101 economists (71 of 103 in April poll)

High gas prices and inflation are stressing people out - but the economy will be fine as long as they keep spending

Market News: Kevin Warsh Takes Over as Fed Chair Friday as Rate Cut Hopes Hit Historic Lows

U.S. Retail Sales Increase In Line With Estimates In April