Rocky Mountain Voice

Tag: US Economy

American Manufacturing Surges to Highest Level in More Than Four Years
Just The News, Approved, National

American Manufacturing Surges to Highest Level in More Than Four Years

By Kevin Killough | Just the News Growth was seen in fifteen manufacturing industries, including electrical equipment, appliances and components, primary metals, transportation equipment, machinery as well as computer and electronic products. Activity in the technology sector was driven by the artificial intelligence buildout. U.S. manufacturing activity increased to its highest level in more than four years in July driven by strong order growth, according to data from the ​Institute for Supply Management.  The Manufacturing Purchasing Managers' Index increased to 55.6 last month from 53.3 in June, which was the highest since May 2022. Economists polled by Reuters had projected PMI would grow to 54.  READ THE FULL ARTICLE AT JUST THE NEWS
Trump Relaxes Shipping Restrictions to Address Wartime Energy Strain
The Western Journal, Approved, National

Trump Relaxes Shipping Restrictions to Address Wartime Energy Strain

By Nick Givas | The Western Journal President Donald Trump is issuing a temporary waiver of the Jones Act for two months in an effort to lower oil prices amid America’s ongoing conflict with Iran. White House Press Secretary Karoline Leavitt announced the move on Wednesday. “President Trump’s decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market as the U.S. military continues meeting the objectives of Operation Epic Fury,” she wrote on the social media site X. Leavitt added, “This action will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for sixty days, and the Administration remains committed to continuing to strengthen our critical supply chains...
Economists Miss Again as Trump Economy Defies Gloomy Forecasts
Fox News, Approved, Commentary, National

Economists Miss Again as Trump Economy Defies Gloomy Forecasts

By Stephen Moore | Commentary, Fox News Professional forecasters underestimated GDP growth by nearly 50% as third quarter hits 4.3% despite predictions of economic slowdown. Well, Donald Trump has done it again! He stumped the chumps. The "chumps" in this case were the "blue-chip" academic and financial economists whose consensus forecast this time last year predicted high inflation and low economic growth. They were wrong on both counts. As you've probably heard, GDP growth for the third quarter came in at a red-hot 4.3%, following 3.5% for the second quarter. Some 90% of professional economists got it wrong — all underestimating the strength of the Trump economy. QED: These weren't random errors. These were "hate Trump" errors. They also...