US Manufacturing Surveys Surged In August As New Orders Jumped
After tumbling in July, expectations for August's US Manufacturing surveys were optimistic (with bot
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After tumbling in July, expectations for August's US Manufacturing surveys were optimistic (with bot
Economists polled by Reuters had expected the rate to remain unchanged from July, at 2%.
Economists polled by Reuters had expected the rate to remain unchanged from July, at 2%.
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The PCE report today was expected to show core inflation at 2.9% and headline inflation at 2.6%.
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A hotter-than-expected inflation reading for Germany came on the same day that figures showed unemployed jumped in August.
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Having ticked higher in June, analysts expected headline PCE to be steady at +2.6% YoY in July and C
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Consumer spending, which rose by 1.6% compared with an initial 1.4% estimate, helped push the number higher.