7th September 2023

  • Fed Officials Set to Double Growth Forecast Amid Strong Data

Resilience may lead to fewer rate cuts penciled in for 2024

Separate tracker from Atlanta Fed is at 5.6% for third quarter

https://blinks.bloomberg.com/news/stories/S0KL8ST0AFB4

  • US Service Gauge Rises to Six-Month High, Topping All Forecasts

ISM service-sector index rose to 54.5 in August, est. 52.5

Hiring and orders gauges pick up, input costs accelerate

https://blinks.bloomberg.com/news/stories/S0KI1XT0AFB4

  • Fed Beige Book Shows Slow Activity, Hiring Growth in Peak Summer

Economic growth was modest in July, August, contacts said

Businesses renew expectations for slower wage growth

https://blinks.bloomberg.com/news/stories/S0KUX0T0G1KW

  • JPMorgan’s David Kelly Says Another Fed Hike Would Be Dangerous

Fed is in unchartered territory but soft landing is possible

Labor market strength as issue; predicts negative print soon

https://blinks.bloomberg.com/news/stories/S0KW6OT0G1KW

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