Fed Governor Michael Barr kept a September rate hike firmly in play on Tuesday, arguing that US economy remains solid while inflation is still too high. Speaking at Second-Chance Lending Forum in Washington, D.C., Barr said “The labor market is stable, with relatively low unemployment” and “The economy has been growing solidly,” supported in part […]
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Eurozone inflation jumped to 3.3% in August (the highest since September 2023) from 2.9% in July, as renewed tensions in the Middle East lifted energy costs and increased upward pressure on prices. Although core inflation, Read more…
The headline manufacturing PMI slipped 1.0 point to 54.6 in August from 55.6 in July, but remained firmly in expansion for an eighth consecutive month. The reading was modestly below the 55.2 consensus. Demand lost Read more…
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