According to the Flash Survey, New business across the German services sector barely increased in August. Firms also reported sharp falls in new export business orders. Backlogs of work declined,…
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FOMC Minutes Show Fed Sees Significant Progress On Inflation
The Minutes showed that total PCE inflation was near the 2% target at an annual rate, while core PCE inflation was just below 2%. The participants “expected core nonhousing services…
Initial Jobless Claims Rise Less Than Expected; Continuing Claims Highest Since 2021
Weekly Unemployment Claims Report: August 17, 2024 The U.S. Department of Labor reported an increase in initial unemployment claims for the week ending August 17, 2024. The seasonally adjusted initial…
UK Core Inflation Rate Drops to 3.3% in July Raising Bets on a BoE Rate Cut
The UK core inflation rate declined in July, with softer services inflation significant. However, headline inflation rose, creating policy uncertainty….Read More