Economists are closely watching as consumer spending may have slowed down in August, following a stronger-than-expected performance in July. According to estimates from FactSet, retail sales are projected to have increased by only 0.1% in August compared to the previous month. This marks a significant deceleration from July's growth of 0.7%. The deceleration in retail sales … [Read more...] about Slowing Consumer Spending Raises Concerns
Inflation
UK Unemployment Rate Slightly Rises, Wage Growth Ahead of Inflation
The jobless rate in the United Kingdom increased slightly during the three months leading up to July. However, wage growth remained steady and is now surpassing inflation, which could potentially alleviate some of the pressure on the Bank of England in its efforts to monitor the cooling labor market. According to data released by the Office for National Statistics on Tuesday, … [Read more...] about UK Unemployment Rate Slightly Rises, Wage Growth Ahead of Inflation
Policy Shifts in the Eurozone: ECB President Christine Lagarde Speaks
European Central Bank President, Christine Lagarde, emphasized the commitment to combat inflationary pressures in the eurozone during her speech at the annual symposium in Jackson Hole, Wyo. She stressed the need to adjust monetary policy in the face of a changing and uncertain global environment. In light of these challenges, Lagarde highlighted the importance of adopting an … [Read more...] about Policy Shifts in the Eurozone: ECB President Christine Lagarde Speaks
The August Doldrums: A Challenge for the Stock Market’s Rally
The stock market's remarkable rally has hit a roadblock in the form of the August doldrums. After a strong surge of 14% in the first seven months of the year, the S&P 500 has faced a decline of approximately 4% this month. Jackson Hole: A Potential Turning Point Amidst this challenging market environment, all eyes are on Jackson Hole, Wyoming, where central bank officials … [Read more...] about The August Doldrums: A Challenge for the Stock Market’s Rally
Concerns about Inflation Drive U.S. Stocks Lower
The U.S. stock market experienced consecutive losses on Wednesday as the minutes from the Federal Reserve's July meetings revealed worries about a potential resurgence of inflation. According to preliminary data from FactSet, the Dow Jones Industrial Average (DJIA) declined approximately 180 points, or 0.5%, settling near 34,765. Similarly, the S&P 500 index dropped 0.8%, … [Read more...] about Concerns about Inflation Drive U.S. Stocks Lower
