16th August 2023

  • Fed Officials Shift Rates Debate From ‘How High’ to ‘How Long’

Kashkari: ‘I’m not ready’ to call an end to rate hikes

Jackson Hole symposium an opportunity to discuss transition

https://blinks.bloomberg.com/news/stories/RZFXK4DWX2PS

  • US Retail Sales Top Forecasts, Showcasing Consumer Resilience

July sales rose 0.7% after upward revisions to prior months

Broad gain included firmer sales at online, clothing retailers

https://blinks.bloomberg.com/news/stories/RZFOJQT0AFB4

  • US Homebuilder Sentiment Declines for First Time This Year

August figure was lower than all estimates in Bloomberg survey

NAHB/Wells Fargo gauge declined as high rates put off buyers

https://blinks.bloomberg.com/news/stories/RZFRJDDWRGG0

  • Fed Minutes Set to Show Only a Minority Saw End of Tightening

Majority were cautiously optimistic, Bloomberg Economics says

Officials may have turned more dovish since the July meeting

https://blinks.bloomberg.com/news/stories/RZG54KDWRGG0

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