MH Daily Bulletin: November 18

November 18, 2022 • Posted in Daily Bulletin

News relevant to the plastics industry:

At M. Holland

  • M. Holland’s U.S. and Puerto Rico offices will be closed Thursday, Nov. 24 and Friday, Nov. 25 in observance of the Thanksgiving holiday.
  • Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.

Supply

Supply Chain

Domestic Markets

  • The U.S. reported 52,503 new COVID-19 infections and 407 virus fatalities Thursday.
  • Benchmark U.S. interest rates could hit 7% at their peak under a worst-case scenario, according to the president of the St. Louis Fed.
  • Reuters economists expect the Federal Reserve to downshift to a 50-point rate hike at its next meeting in December.
  • Despite rising interest rates and fears of a recession, capital spending by big U.S. firms rose 20% to a record $200 billion in the third quarter.
  • A gauge of manufacturing activity in the U.S. mid-Atlantic fell unexpectedly to one of its lowest levels in a decade this month:
United States Philadelphia Fed Manufacturing Index
United States Housing Starts

International Markets

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