Greetings,
The United States: Economists remain concerned about a slowdown in business investment.
The Eurozone: Germany’s consumer inflation hit the lowest level since 2017.
China: The July official manufacturing PMI ticked higher but remained below 50.
Global Developments: This chart shows each central bank’s target rate in terms of the number of standard deviations (relative to the mean target rate).
Food for Thought: Payment methods in the US:
Edited by Joseph N Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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