Commodities have erased most of their 2023 losses in just the first half of this year, with the “China effect” partly to blame for changes in metals prices. Analysts aren’t surprised.
The leading index for the U.S. economy sank again in May, declining for the third month in a row, but it “doesn’t currently signal a recession,” the Conference Board said.
The U.S. economy expanded in June at the fastest pace in more than two years, a pair of S&P surveys found, amid growing optimism among business leaders about the future.