Weekly economic and financial commentary
|Summary
United States: A Fresh Pair of Legs?
-
Surprising data releases this week suggest the economy has stronger momentum than previously thought. The consumer continues to show remarkable resilience, and economic growth is respectable heading into the third quarter. However, while this week's data certainly inject a bit of optimism into our assessment of current conditions, the economy is still facing notable headwinds, including rising inflation and a weakening labor market.
-
Next week: Construction Spending (Wed.), ISM Manufacturing & Services (Wed. & Fri.), Employment (Fri.)
International: Uneven Momentum, Global Adjustments
-
Eurozone September PMIs painted a mixed picture, with manufacturing activity weakening and services showing modest improvement. In the U.K., PMI readings disappointed across the board. On the monetary policy front, Sweden delivered a hawkish rate cut, Mexico opted for a cut with risks tilted toward further easing and Switzerland held policy rates steady.
-
Next week: China PMIs (Tue.), Japan Tankan Survey (Wed.), Eurozone CPI (Wed.)
Credit Market Insights: Household Sentiment Slips
-
Last week, the Federal Reserve Bank of New York released the Survey for Consumer Expectations for August. Overall, households have had a divided outlook on the economy.
Topic of the Week: Near-Term Global Outlook Still Clouded, but Horizon Is Brightening
-
We explore how some of the growth dynamics facing the United States are similarly facing many other systemically important economic regions across the world.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.