31st August 2023
- US Economy Makes Limited Progress While Companies Temper Hiring
Revision puts 2Q GDP growth at 2.1% following 2% in 1Q
August private payrolls gain smallest in five months, ADP says
https://blinks.bloomberg.com/news/stories/S07MEEDWLU69
- Fed’s Bostic Urges Caution to Avoid Inflicting Unnecessary Pain
Atlanta Fed president says policy is appropriately restrictive
Bostic cites a number of measures showing inflation progress
https://blinks.bloomberg.com/news/stories/S07ZZSDWLU68
- Oil Edges Up as Traders Take US Crude Stockpile Drop in Stride
US inventories fell 10.6 million barrels last week, EIA says
OPEC member Gabon in spotlight after soldiers cancel elections
https://blinks.bloomberg.com/news/stories/S07WT5DWX2PS
- Rising Stock Prices Threaten Progress on Powell Inflation Gauge
Portfolio management component set to boost services prices
Recent stock-market run-up is behind the renewed acceleration
https://blinks.bloomberg.com/news/stories/S07JJRDWLU68
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