Signs of slowing growth in 5 of 12 districts: Beige Book
The pace of growth in the U.S. service sector rose in August as inflationary pressures eased, according to a report released today by the Institute for Supply Management.The ISM’ nonmanufacturign index rose to 57 in August from 54.8 in July. The median forecast of Wall Street economists was for an increase to 55.A number above […]
Major concerns remain upward pricing pressure and inventory buildup
Consumers’ inflation expectations for year ahead also rose
Personal income, disposable income also increased in the month
Cooling housing market curbs growth, StatsCan says
But Canada’s international assets and liabilities grew strongly in the capital and financial account
But real GDP growth exceeded advance estimates of 2.5% growth issued in July
12-month change in July’s IPPI is almost double the year-over-over increase in June
But further interest rates may be necessary to bring inflation down more rapidly, they noted