Surging COVID-19 cases dampen U.S. consumer confidence, house prices post record gains
U.S. consumer confidence fell to a six-month low in August as worries about soaring COVID-19 infections and higher inflation dimmed the outlook for the economy.
Fed’s Mester not ready to accept recent inflation surge as meeting central bank’s goal
Cleveland Federal Reserve Bank President Loretta Mester said on Monday that the U.S. economy is recovering strongly but she is not yet convinced that recent inflation readings will be enough to satisfy the price stability goal the U.S. central bank revamped a year ago.
Euro zone Aug economic sentiment eases but selling price expectations at record high
Euro zone economic sentiment has eased more than expected in August from a record high in July, hit by a sharp drop in optimism in France and the Netherlands, while selling price expectations in industry peaked, signalling inflationary pressure.
Taiwan c.bank says economy not overheating, inflation stable
TAIPEI, Aug 25 (Reuters) – Taiwan’s economy is not overheating and inflation is well under control, central bank governor Yang Chin-long said on Wednesday, as he responded to lawmakers’ questions about prospects for an interest rate rise.
Stocks and oil slide as Delta’s spread muddies economic picture
WASHINGTON, Aug 17 (Reuters) – Major stock indexes slid and oil posted its fourth straight day of declines as investors grappled with mixed economic data and considered the economic impact of the ongoing spread of the Delta coronavirus variant.
Dollar holds firm near 4-month high on Fed tapering bets
The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as investors looked for more hints from the Federal Reserve on its plans to reduce monetary stimulus.
Fund managers position for transitory U.S. inflation
Based on expectations that U.S. inflation will be transitory and that the Federal Reserve will clearly communicate its plans to taper asset purchases, major global fund managers say they remain invested in risky assets.
Asian shares fall as Delta fears eclipse Wall Street uptick
Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment even as tame U.S. inflation eased fears the Federal Reserve would rush to reduce its economic support.
EXCLUSIVE Fed’s Barkin: U.S. “closing in” on taper, but could still take a few months
It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its crisis-era support for the economy, according to Richmond Federal Reserve Bank President Thomas Barkin, who added a centrist voice to the open debate about when to trim the central bank’s $120 billion in monthly bond purchases.
Analysis: Shoots of greenflation spring new challenges on portfolio managers
From container ships to cardboard, tighter environmental regulations are stoking shortages and price spikes as ‘greenflation’ takes a grip, adding a new twist to corporate valuations.
