Inflation moderates in manufacturing and job market

By Here’s a thought experiment: Try to imagine Jay Powell and the rest of the Federal Reserve jumping for joy because of reports that inflation is coming down.  Let’s start with the Institute for Supply Management’s update on U.S. manufacturing for July, which included this line: “The Prices Index remained in ‘decreasing’ territory, at a…

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The Fed’s favorite inflation measure cooled down even further in June

By: Minneapolis CNN  —  Another key economic report further propped up the idea that a soft landing is not only possible, but also in motion: The Federal Reserve’s preferred inflation gauge continued its deceleration in June while consumers kept the US economic engine running. Commerce Department data released Friday showed that the Personal Consumption Expenditures…

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Double-digit growth in real wages, retail sales as Russia’s unemployment hits record low

Record low unemployment in June highlighted Russia’s stark labour shortage, statistics data showed on Wednesday, even as the rebound from last year’s economic slump continued with double-digit jumps in wage growth and retail sales. Record low unemployment in June highlighted Russia’s stark labour shortage, statistics data showed on Wednesday, even as the rebound from last…

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German unemployment falls unexpectedly in July

BERLIN (Reuters) -German unemployment fell unexpectedly in July, showing resilience in the labour market despite difficult economic conditions, but the first cracks are appearing. The Federal Labour Office said on Tuesday that the number of people out of work decreased by 4, BERLIN (Reuters) -German unemployment fell unexpectedly in July, showing resilience in the labour…

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