Fed's Hammack: Both sides of that mandate are under pressure

8 months ago 30

Eurozone PMI hits 51.1, signaling 0.2% GDP growth. Services lead, manufacturing recovers. ECB may cut rates, but services inflation is a risk.

US home sales climb in July as mortgage rates dip & price growth cools. Buyers re-enter market, watch for further rate shifts.

95% of AI investments yield zero returns! Investors spooked, but IBM may gain. Watch for AI stock shifts.

Uzbekistan's economy grew 7.2% H1, attracting €197B+ investment. Fintech & SMEs to get €1.7B+ annually. Reforms boost investor confidence.

UK borrowing costs surge, forcing £20bn+ tax hikes. Public finances challenged by rising debt interest & pay. Traders eye fiscal risks.

Powell's Jackson Hole speech: Fed eyes rate cuts amid tariffs & weak labor. PPI jumps 0.9%!

Jobless claims hit 2-month high, but layoffs stay low. Gold dips as claims unexpectedly fall to 224k. Market watches.

Read Entire Article