Greetings,
The United States: Despite soft demand, businesses are reporting an upturn in inflation.
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- Richmond Fed’s regional manufacturing survey shows slower current price increases, …
… but measures of expected prices have turned higher.
The United Kingdom: Government borrowing was lower than expected last month.
Asia-Pacific: Australia’s service-sector contraction accelerated this month.
Commodities: Hedge funds have reduced their exposure to precious metals.
Rates: The Fed is less uncertain about forecasting lower inflation ahead.
Food for Thought: Relative chance of enrolling in highly selective colleges based on parents’ income group:
Edited by Josh Oldmixon
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Subscribe to the Daily ShotAverage hourly wages for US teens: Brief
