A top US central bank official sounded a wary note regarding the outlook for inflation, telling an audience that it might underwhelm over the medium-term.
Consumer confidence in the US appeared to stabilise at the start of September after plunging during the month before as the Delta variant of Covid-19 rolled across the country, the results of a closely-followed survey revealed.
Consumer price inflation in the euro area accelerated in August on the back of dearer energy and base effects, potentially piling on the pressure on the European Central Bank.
Manufacturing conditions in the US mid-Atlantic region exceeded forecasts by a wide margin in September, the results of a closely-followed survey revealed.
American consumers retrenched less than feared last month despite the impact from the Delta variant of Covid-19.
Initial US jobless claims rose unexpectedly during the previous week.
Industrial production in the US edged pasts forecasts last month on the back of higher output from factories and utilities.
Manufacturing activity in the jurisdiction of the Federal Reserve Bank of New York surged in September, according to the results of a closely-followed survey.
Euro area industrial production bounded past economists forecasts in July, recovering its level from before the pandemic as supply chain disruptions eased.
China’s economic recovery continued to falter in August, official data showed on Wednesday, as rising Covid rates and fresh lockdowns weighed heavily.
Consumer level inflation in the US slowed more quickly than expected last month as the Delta variant of Covid-19 took its toll on travel-related sectors, including airlines and hotels.
A top European Central Bank official said the monetary authority did not believe rapidly rising consumer prices were a risk, emphasising that the "extremely" low level of inflation seen in 2020 needed to be taken into account.
The US and Chinese presidents held their first direct conversations since February overnight on Thursday.
US wholesale prices rose as expected last month amid higher prices for food and transportation.
Rate-setters in Frankfurt decided to lower bond purchases under their emergency asset buying programme "moderately" but kept all the other main policy levers unchanged, including the size of the bond buying programme not linked to the pandemic.
The European Central Bank said the risks to growth and inflation were "broadly balanced" and that the euro area economy was now rebounding firmly.
First time weekly unemployment claims in the US undershot market forecasts by a wide margin during the latest week for which data were unavailable.
The number of job openings in the US hit a fresh record high in July despite slower hiring as Americans increasingly chose to 'quit' their current employment.
The European Central Bank may slow its asset purchases when rate-setters in Frankfurt next meet, but the monetary authority is not set to start phasing them out, a former head of the institution said.
A top official at the Federal Reserve brushed off concerns about a slowdown in hiring and said the central bank remained set to start tapering its debt purchases before year-end.
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