Blog With Tag bis
So the US is back to winning ways in the sporting world but the outlook for the economy is not quite as clear cut. The US consumer is clearly not spending as much as they have been, which is reflected not only in a slump in imports but also a drop off in car sales by between 5 and 9% and pending home sales falling to a 7 month low. Productivity has fallen for a 3rd month in a row and manufacturing experienced a sharp fall in August so it’s no wonder that the Fed reserved judgement on a rate rise until further data is available towards the end of the year and probably after the election.
PegasusCapital - Mon 3rd Oct
It’s happening all over the world from Japan to the US to the UK, official inflation has reached 0% on an annualised basis. The only exception has been the Eurozone where inflation is still in negative territory at -0.3% however, this should edge up over the coming months as the effects of the Quantative Easing programme from the ECB kick in.
PegasusCapital - Wed 1st Apr