Key insights from the week that was. Beginning in Australia, the Westpac-MI Consumer Sentiment survey delivered a lacklustre update on confidence. At 81.3, the headline index remains firmly entrenched at extremely pessimistic levels, an outcome that has only been associated with major economic dislocations over the survey’s near fifty-year history. Driving this sustained weakness in […]
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The Federal Reserve’s preferred measure of inflation edged higher in October, data indicated Wednesday, thanks in part to an ongoing boom in consumer spending that is challenging the central bank’s effort to tame price pressures. Read more…
U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning Read more…