Over the last 12 months, unemployment levels have fallen to a 17-year low of 4.1%.
The FOMC’s March statement was released on Wednesday, March 21, and the outlook for the closely watched inflation remained muted.
In the latest SEP release, the Fed upgraded its GDP growth outlook for 2018 by 0.2% to 2.7%.
In the first policy meeting under new Fed chair Jerome Powell, the FOMC (Federal Open Market Committee) increased the interest rate 0.25%.
According to the Federal Reserve, total industry capacity utilization increased 1.3% from 77.4% in January 2018 to 78.1% in February.
The February 2018 Industrial Production Report was released by the Federal Reserve on March 16, 2018.
The Eurozone’s economy has been playing a major role in the current global economic scenario.
According to a report by Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing activity rose solidly in February 2018.
According to data provided by Markit Economics, China’s final Markit services PMI (purchasing managers’ index) showed a weaker rise in February 2018.
China’s manufacturing PMI (purchasing managers’ index) report for February 2018 indicates a weaker improvement in the manufacturing activity as compared to January.