Fed’s preferred inflation measure softer than expected in August

[ad_1] Investing.com — The headline reading of the Federal Reserve’s preferred inflation gauge accelerated by less than expected on a monthly basis in August, while the underlying metric unexpectedly slowed compared to July, in a sign of potentially cooling price gains in the U.S. that could give the central bank less headroom to raise interest rates … Read more

Australia retail sales barely grow in August amid high rates, inflation

[ad_1] Investing.com– Australian retail spending grew less than expected in August, barely expanding as consumers further cut back on spending amid continued pressure from historically high interest rates and sticky inflation. grew 0.2% in August from July, data from the Australian Bureau of Statistics showed on Thursday. The reading was less than expectations for growth … Read more

Australia CPI inflation accelerates as expected in August

[ad_1] Investing.com– Australian consumer inflation grew as expected in August, picking up pace from the prior month on surging energy and housing costs and spurring some bets that the Reserve Bank will need to hike interest rates further.  inflation grew 5.2%, as expected, in the 12 months to August, data from the Australian Bureau of … Read more

Singapore CPI inflation eases slightly in August, core inflation down

[ad_1] Investing.com– Singapore consumer price index inflation eased slightly in August, data showed on Monday, aided by softer services and food prices, although increased fuel prices still kept inflation underpinned.  rose 4% in the 12 months to August, as expected, compared to a 4.1% increase in the prior month, data from the Monetary Authority of … Read more

Japan CPI inflation grows more than expected in August as BOJ looms

[ad_1] Investing.com– Japanese consumer inflation grew above expectations in August, data showed on Friday, coming just a few hours before a Bank of Japan meeting that is expected to offer more cues on a potential move away from negative interest rates. , which excludes volatile fresh food prices, rose 3.1% in August, data from the … Read more

Chinese industrial production grows more than expected in August

[ad_1] Investing.com– Chinese industrial production rose past expectations in August as improving local demand and a continued stream of monetary support from the government helped spur some recovery in the sector.  rose 4.5% in August from the prior year, data from the National Bureau of Statistics showed on Friday. The reading was higher than expectations … Read more

Producer prices and retail sales inch higher as Fed weighs next policy decision

[ad_1] Investing.com — U.S. producer prices rose by more than anticipated in August, while retail sales unexpectedly edged higher, suggesting a mixed picture of sticky inflation and resilient consumer activity heading into next week’s key Federal Reserve interest rate decision. On a monthly basis, the (PPI), which aims to measure the prices businesses receive for their … Read more

Australian jobs surge in August, unemployment remains steady

[ad_1] Investing.com– Australian employment grew more than expected in August, data showed on Thursday, bouncing back from a small contraction in the prior month as labour conditions remained tight.  The in the country grew 64,900 in August, data from the Australian Bureau of Statistics (ABS) showed. The reading blew past expectations for growth of 24,300 … Read more

Australia consumer sentiment worsens in September- Westpac

[ad_1] Investing.com– Australian consumer sentiment deteriorated further in early-September, a private survey showed on Tuesday, as dwindling household savings, sticky inflation, and high interest rates largely outweighed a less hawkish outlook for the RBA.  The dropped 1.5% to 79.7 in September, remaining close to its worst level since the 2020 COVID-19 pandemic. The reading was … Read more