The Richmond Fed Manufacturing Index retreated to -20 in July from -8 in June (revised from -7), according to data released by the Federal Reserve Bank of Richmond on Tuesday.

The composite manufacturing index fell twelve points to -20, remaining in negative territory for a fifth straight month.

This survey tracks business conditions in the Richmond Fed's manufacturing sector. The headline index is a composite of the new orders, shipments, and employment indexes.

It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is likely to be even tougher.

All three component indexes for the survey--shipments, new orders and employment--declined compared with June, the Richmond Fed said. The index for new orders faced the most pronounced downturn.

Barkin pointed out that the Fed’s interest-rate-setting panel need not take direction from the chair, citing rare episodes in the Fed’s history when the Federal Open Market Committee didn’t ...

Anthony Anderson addresses resurfaced video of him telling teen Lindsay Lohan he likes 'them young' (exclusive) "This interview was clearly intended as comedy," reads a statement the actors rep ...

Trump could get to fill two seats on the Fed next year, potentially reshaping the central bank.

They make an unlikely comedy double act. But it was hard not to smile when President Donald Trump visited the site of the Fed’s new building with Federal Reserve Chair Jerome Powell Thursday.

It’s a boy — a big boy. Newborn shatters Newport News hospital’s birthweight record. The baby, born at Riverside Regional Medical Center last week, had a larger-than-life reception to the world.

NEWPORT NEWS, Va. (WAVY) — A 21-year-old man has died after a vehicle crash in Newport News overnight. According to officials, just before midnight on Sunday, Virginia State Police were dispa… ...