This week was quieter with economic data steering the direction of conversation. Markets spent the weekend digesting central bank comments at the Jackson Hole symposium, leaving future interest rate movements at the forefront of investor thoughts. That continued on through to this week with key economic metrics such as US job openings reported, as well as today’s US unemployment rate, which saw a 0.3% increase to 3.8%.
A year of tight financial conditions has started to slow economic activity, in addition to helping slow inflation. Central banks have been walking a tightrope of raising interest rates sufficiently to tame persistent inflation, but not sufficiently high to crash the economy. With many metrics now showing early signs that economic activity is slowing, pressure on the Federal Reserve to raise interest rates at their next meeting in November is easing.
For the following stories, please click on this link*
- Weak economic data help bons rebound
- High mortgage rates yet to impact US house prices
- Food and metal prices remain volatile
(*Please note, The contents of this e-shot been prepared for general information only. It does not contain all of the information which an investor may require in order to make an investment decision. If you are unsure whether this is a suitable investment you should speak to your financial adviser. This information is not guaranteed to be correct, complete, or accurate. FE Research is a division of Financial Express Investments Ltd, registration number 03110696, which is authorised and regulated by the Financial Conduct Authority (FRN 209967). For our full disclaimer please visit www.financialexpress.net/uk/disclaimer. Data Sourced from FE Analytics, and Bloomberg Finance LP.)