Economy grows slowly. Fed signals room to cut rates
The Federal Reserve said the U.S. economy is expanding but at a slower pace with weak auto sales and sluggish consumer spending. The beige book notes growth varies by region, inflation easing, and a likely path for further rate cuts as the Fed aims for a soft landing without a recession. A separate note reports Legum Chevrolet Nissan in Essex selling for 115 million to Bob Bell. the dealership will be renamed Bob Bell Chevrolet Nissan and employ 195 people.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Fed
David Wyss
DRI McGraw Hill
Wyss
Michael Evans
Evans
Texas
Boston
New York
Cleveland
Dallas
San Francisco
Chicago
St. Louis
Richmond
Pacific Northwest
North Central
South
North Dakota
ESSEX
Legum
Robert L Bell
Ford
Mitsubishi
Suzuki
Glen Burnie
Jeffrey A Legum
Bob Bell
Chevrolet-Nissan
Rain boosts NC tobacco markets despite heavy rains
North Carolina tobacco farmers faced wet weather yet opened the season with higher prices and strong auction activity. Prices across the belt rose about five cents per pound from last year, with an average near 156 per hundredweight and millions of pounds sold. Officials noted damp conditions reduced early leaf quality but government support purchases remained modest, keeping farmer optimism alive for the coming years.
MENTIONED IN THIS ARTICLE
Fairmont
N.C
North Carolina
Lenwood Rich
Twin State
South Carolina
Lionel Edwards
Mr. Edwards
N.C. Farm Bureau
Arvin Johnson
R. Hoke Smith Jr
Robeson County
Charlie Davis
Federal State Market News Service
Jim Graham
Charlie Rose
Dn.c
Rose
Carl Sofley
State Agriculture Department
Sofley
Grain futures show mixed early Chicago trade
Chicago Board of Trade open sees wheat futures with 5,000 bushel minimum contracts. Prices for sep vary around 39.5 with last trades near 39.6 while other months quote 39.0 to 41.0. Trading activity lists daily totals and bid asks, reflecting cautious session start.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Midwest meat trade reports steady beef and variable pork demand
On Wednesday, Central US meat markets showed moderate movement and mixed demand. Beef movement was steady with some weakness on rich cuts and strong demand for heavy steer and heifer carcasses. pork sales totaled 534 loads with trims and fresh portions showing price declines. Estimated early slaughter: cattle 325,000. calves 3,000. hogs 314,000. sheep 23,000.
MENTIONED IN THIS ARTICLE
Ealy
Also Mentioned on This Page
Kelly-Springfield Tire Co
Cumberland
Apollo Service Co. Ltd
Tokyo
Japan
Skidguard
Barry D. Robbins
K-S
Naoyoshi Sugimura
Apollo
Louis S. DiPesqua
Joseph T
Popular Science
Shopsmith Inc
SUN
Joxodworking Center
Centreville Square
Awight
Egiere
Linwt
Pawel
Midwest Car Lot
First Bank
Frederick
First Bank of Frederck
Rose Hill Plaza
Oppossumtown Pike
Maryland
FDIC
Ent News
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