Global trade downturn persists into August
The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade conditions continued to…
Fed avoids shock to independence for now, with Cook to attend meeting; Miran confirmed to open seat
The U.S. central bank opens a two-day policy meeting on Tuesday having skirted, for now, a first-ever effort by the…
China’s economy continues to slow, strengthening case for fresh stimulus
August data saw momentum weaken further China’s economy continued to slide in August, with all key activity readings falling short…
US import prices increase in August on capital, consumer goods
U.S. import prices unexpectedly rose in August, boosted by strong increases in the costs of capital and consumer goods, suggesting…
Fed opens September meeting with independence under threat
The U.S. Federal Reserve kicks off its two-day policy meeting later on Tuesday where an interest rate cut is all…
US banks borrow $1.5 billion from Fed’s repo facility in sign of mild funding pressure
U.S. banks borrowed $1.5 billion from the Federal Reserve’s Standing Repo Facility on Monday, the deadline for quarterly corporate tax…
US business inventories increase moderately in July
U.S. business inventories increased marginally in July amid a surge in sales, government data showed. Inventories rose 0.2% after advancing…
Spending slowdown hits younger generation
U.S. spending growth remains relatively soft among younger consumers, according to the latest “Consumer Checkpoint” from the Bank of America…
US manufacturing output unexpectedly rises on rebound in motor vehicle production
U.S. factory production unexpectedly increased in August amid a rebound in the output of motor vehicles and some nondurable goods,…
UK grocery inflation slows marginally in September, says Worldpanel
British grocery inflation edged down to 4.9% in the four weeks to September 7, according to data from Worldpanel by…