U.S. factory production rose in July for the first time in three months, boosted by a surge in motor-vehicle output that helped manufacturing to stabilize.
Output…
Combined with inflation that's running at the slowest pace in more than two years, today's data supports the idea that the Fed can tame price pressures without inducing a recession.
Attorney Glenn Moses attributes the uptick to "...a more conservative approach by banks in their lending practices – causing liquidity issues for business which often results in a bankruptcy filing."