Consumer Sentiment Was Weaker in August, per Michigan Survey
The survey’s sentiment index fell to 51.7 in August, lower than 55.2 in July. Economists polled by The Wall Street
Economics
Canada’s Economy Grows 3.3% in Second Quarter
Gross domestic product increased at an annualized rate of 3.3% in the April-to-June period to 2.524 trillion Canadian dollars, the
Eurozone Businesses More Upbeat Despite Prolonged War in Middle East
Businesses and consumers felt more positive about their prospects in August, a boost for demand in the face of persistent
The U.S.-Canada trade war. The war in Iran. Surging bond yields. The global economy, to some surprise, has taken it all in its stride.
Growth is holding. up despite renewed tensions over trade, geopolitics and bond markets, though the AI boom’s outsize role is
U.K. Business Confidence Jumps Despite Lingering Energy Shock
Oil and gas prices remained elevated amid uncertainty over the Middle East conflict, but firms appear increasingly confident that strong
Fed’s Collins Says Rate Increase Warranted If Inflation Disappoints
The Boston Fed president, who has been part the central bank’s more cautious center, says recent data have been mixed.
Fed Chairman Kevin Warsh takes the stage in Jackson Hole on Friday with an unusual presence looming over him: a Treasury secretary stepping closer to terrain long treated as the Fed’s
The Treasury secretary’s plan to buy back long-dated debt is the latest in a string of moves raising questions about
U.S. Jobless Claims Pull Back Again
The number of people who filed for unemployment benefits was 203,000 in the week through Aug. 22, 4,000 lower than
Vietnam’s Factories Thrive Amid Trade Upheaval
Plus: Fed’s preferred inflation gauge rises; a visit to the family farm behind a famous fragrance. Source link
The selloff in U.S. Treasurys has captured global attention, but bond markets overseas have been getting hit even harder. Here’s a breakdown of the forces fueling the overseas rout.
Countries with large debt burdens—France, Italy, the U.K., Japan—have come under the heaviest pressure in recent months. Source link