Earlier this month, hints emerged that the recent surge in US inflation pressures was ebbing. New data released in the two weeks since that update strengthen the case for calling a peak, albeit only slightly, based on revised numbers for CapitalSpectator.com’s Inflation Trend Index (ITI).
Daily Archives: August 24, 2021
Macro Briefing: 24 August 2021
* Biden’s economic agenda at risk amid feud among House Democrats
* Emergency meeting of G-7 leaders planned re: chaotic situation in Afghanistan
* Full federal approval of Pfizer’s vaccine triggers new vaccine mandates
* Heat is taking a tool on US crops, pushing up prices
* Chinese ride-hailing giant Didi halts plan in UK and Europe
* Existing home sales increased for second month in July
* US housing market, although strong, is showing signs of starting to cool
* Chicago Fed National Activity Index strengthened in July
* US growth slows in August as Composite PMI drops to 8-month low:
