2nd September 2024

  • Fed Favored Inflation Gauge’s Mild Gain Sets Stage for Rate Cut

Core PCE advanced 0.2% in July, in line with expectations

Consumer spending accelerated slightly on car purchases

https://blinks.bloomberg.com/news/stories/SJ1B2CDWRGG0

  • US Consumer Sentiment Rises for First Time in Five Months

University of Michigan final August sentiment index at 67.9

Year-ahead inflation outlook at 2.8%, lowest since 2020

https://blinks.bloomberg.com/news/stories/SJ1ATM59E8LE

  • Populists Surge in Germany’s Regional Votes, Humbling Scholz (1)

Far-right AfD on course to win regional ballot for first time

Conservative CDU only mainstream party to avoid a battering

https://blinks.bloomberg.com/news/stories/SJ5EXUT1UM0W

  • Euro-Zone Inflation Slumps to 3-Year Low, Backing Rate Cut (3)

Consumer prices rise 2.2% in August; economists saw 2.2%

Investors betting on second rate reduction by ECB on Sept. 12

https://blinks.bloomberg.com/news/stories/SJ1AMGT1UM0W

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