U.S. Jobless Claims Rose Again Last Week
The number of people who filed for unemployment benefits was 209,000 in the week through Aug. 8, higher than the
Economics
The stock market thinks the economy is accelerating. Don’t expect jobs to follow, writes the WSJ’s Greg Ip.
The stock market thinks the economy is accelerating. Don’t expect jobs to follow. Source link
U.K. Economy Continues Robust Performance in Second Quarter
Britain grew faster than the U.S. in the second quarter, despite the heightened uncertainty provoked by the war in the
The Mexican government is pushing the U.S. to lower tariffs on North American automobiles as part of conversations over reworking the U.S.-Mexico-Canada Agreement, according to sources
The Mexican counteroffer would apply levies on only a small portion of a car’s value—potentially lowering final tariffs for many
July’s inflation report was close enough to expectations to ease pressure on the Federal Reserve to raise interest rates next month without resolving much about the outlook beyond that
The consumer-price index came in as expected: not soft enough to take a rate increase off the table, not firm
The inflation rate cooled to 3.4% in July, the Labor Department said Wednesday
The inflation rate cooled to 3.4% in July, the Labor Department said Wednesday. Source link
Economics
Eurozone Government Bond Yields Rise Ahead of U.S. CPI Data
Yields on eurozone government bonds rose as investors exercise caution ahead of U.S. CPI inflation data. Source link
July home sales fell after higher mortgage rates scared off buyers
Existing home sales were down 1.7% over the previous month, and the median home price rose to $434,100, a near
Reserve Bank of Australia Holds Rates Steady but Remains Worried About Inflation
Australia’s central bank continued to warn that inflation remains too high, especially against the backdrop of war in the Middle
Two inflation reports over the next month are set to shape whether Federal Reserve officials push to raise rates in September or extend their pause
The Fed chairman has promised to bring inflation down. Upcoming data could determine whether he has to raise rates soon