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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