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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 23, 2023
Page
8
The Federal Reserve Bank of Richmond will publish its monthly manufacturing activity index on Wednesday. The index, spanning Maryland, North Carolina and Virginia, blends shipments new orders and employment. Economists expect December to rise to minus four from minus five in November.
The National Association of Realtors reports October pending home sales fell 1.5 percent as the 30 year mortgage rate climbs to the highest since 2000. Economists expect a 0.5 percent rise in the following month as rates ease, reflecting the lag between contract and sale.
MNI Indicators releases the monthly Chicago business barometer, showing growth with a 55.8 reading in November, the strongest since May 2022, on higher new orders, inventories and production. Economists expect a drop to 49.8 next.
Quoted by Judah Cohen of Verisk Atmospheric and Environmental Research, the director of seasonal forecasting, the remark notes that only a minority may see a white Christmas while most of the country will experience a brown one.
Wall Street wrapped another winning week with a quiet finish as reports suggest inflation trending lower and the economy may improve. The S&P 500 gained 0.2 percent, staying under 1 percent from its peak. the Dow slipped slightly amid mixed data. A Bristol-Myers deal overshadowed by a stock price premium, while Nike or another sneaker brand forecasts weak sales and announces 2 billion dollars in cost cuts.
Chiselom, with 20 years serving vulnerable populations, becomes executive director of Lawrence Community Shelter. He will lead expansion of shelter capacity and The Village cabins at 256 N Michigan St, with a focus on homelessness, housing crises, mental health and substance use support. He replaces interim director Melanie Valdez, who has held the post since April 2022.
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