The composite index from the Kansas City Fed’s regional manufacturing survey was a reading of +8 in August. This is an increase from July’s reading of +6, and indicates economic expansion in the manufacturing sector at a faster pace.
The Kansas City Fed is the third of the 5 leading regional manufacturing surveys conducted by Federal Reserve banks to report for August. Currently, 4 out of the 5 surveys indicate economic expansion in the manufacturing sector.
Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”
"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors. Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More