UK retail sales recover in July, which could test investor expectations of a Q4 Bank of England rate cut after recent wage growth and inflation numbers….Read More
Tag: trading the news
Michigan Consumer Sentiment Rises To 67.8, Exceeding Analyst Expectations
Current Economic Conditions declined from 62.7 in July to 60.9 in August, while Index of Consumer Expectations increased from 68.8 to 72.1. Year-ahead inflation expectations remained unchanged at 2.9%. In…
U.S. Housing Market Slows: July 2024 Permits, Starts Drop Amid Rising Rates, Uncertainty
Housing Starts Housing starts experienced a sharper decline, plunging to a SAAR of 1.238 million in July, down 6.8% from June’s revised estimate of 1.329 million and a significant 16.0%…
July PPI Up 0.1%, Below 0.2% Forecast
A Sector-by-Sector Breakdown: Winners and Losers Goods: The Unexpected Frontrunner Final demand goods prices surged 0.6%, marking the largest increase since February. This rise was primarily fueled by a substantial…