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Worsening economic data coming out of China

The economic news coming out of China is all pointing one way—downwards. On Sunday, the National Bureau of Statistics reported that the official purchasing managers’ index (PMI) for manufacturing dropped to 49.2 in October, the second straight month in which this key index for factory activity has fallen. A worker wearing a face mask drills […]

Fed’s next step, rules for stablecoin

___ Fed to start reining in economic aid as inflation risk rises WASHINGTON (AP) — With inflation at its highest point in three decades, the Federal Reserve is set this week to begin winding down the extraordinary aid it has given the economy since the pandemic recession struck early last year, a process that could […]

Business Monday ETC.: Monday, Nov. 1, 2021

Kamp for Kids receives $5K grant from Westfield Bank Behavioral Health Network, Inc. (BHN) has announced it has received a grant of $5,000 from Westfield Bank’s Future Fund Program to benefit Kamp for Kids, the organization’s summer day camp for children and young adults with and without disabilities. Westfield Bank has been a longtime supporter […]