CNBC Daily Open: The U.S. economy seems to be holding up
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The U.S. economy appears to be holding up, with cost pressures for manufacturers and service businesses easing in February. S&P Global's composite index of purchase managers fell slightly to 51.4, indicating expansion in both the manufacturing and service sectors. Factory output grew at the fastest rate in ten months. However, Fed vice chair Philip Jefferson highlighted three key risks: resilient consumer spending, weakening employment, and geopolitical risks. Despite the positive signs, there is still a need to adapt to continuing risks.

#U.s.Economy #Manufacturing #ServiceSector #EconomicGrowth #Risks

https://www.cnbc.com/2024/02/23/cnbc-daily-open-the-us-economy-seems-to-be-holding-up.html