Britain’s Economy Isn’t Working For Young People. Its New Prime Minister Wants to Fix That
Andy Burnham has made unemployment a priority amid skyrocketing youth inactivity and a rapid collapse in entry-level vacancies. Economists warn
Economics
Global Government Bond Yields Stabilize Ahead of Fed Minutes
Bonds took a breather from this week’s selloff, but the factors driving yields to multiyear highs haven’t gone away. Source
U.K. Inflation Picked Up in July
Inflation was driven by a surge in household energy costs and reached the highest annual rate since March, when prices
President Trump said he would pause a 50% tariff on certain goods from Canada for three days while the two countries seek to finalize an agreement
The levies were set to affect 5% of Canadian exports to the U.S. and risked escalation into a broader trade
U.S. Housing Starts Dropped in July
Housing starts fell sharply below expectations in July as home-builder sentiment remained muted. Source link
U.S. Import Prices Fell in July
U.S. import prices decreased in July, driven by lower prices for fuel imports, according to data from the Bureau of
German Investor Confidence Rises for Fourth Straight Month
Sentiment climbed again on a bumper earnings season and as the economy overcomes some of the shock of the war
U.K.’s Jobless Rate Holds Steady as Labor Market Shows Signs of Softening
Unemployment in the U.K. was unchanged in the three months through June, while wage growth edged up slightly. Source link
Canada Inflation Heats Up to 3% in July
The consumer-price index rose 0.5% in July, bringing the annual inflation rate to 3%, Statistics Canada said. Source link
New York Manufacturing Activity Accelerates in August
The Federal Reserve Bank of New York said that its statewide manufacturing index of business conditions rose to 20.6, its