INT
China’s activity will stabilise if not notably improve
Growth in retail sales and industrial output edged up in August and unemployment dipped lower
InternationalECB will be keen to hold interest rates into 2024
The ECB raised rates for the tenth straight meeting but is aiming to pause now
EUCore US inflation keeps Fed on track to hold rates
Headline inflation rose to 3.7%, largely due to higher petrol prices, while core inflation slowed to 4.3%
United StatesServices to outgrow goods trade but regulation to lag
Services will outgrow goods trade ahead; while a stronger world framework to support trade would help, this is unlikely
InternationalOPEC supply squeeze elevates near-term oil prices
OPEC+, the IEA and the EIA have all updated their oil market forecasts yesterday and today
InternationalInternational fossil fuel subsidies will weigh heavily
In 2022, direct and indirect fossil fuel subsidies cost USD7tn (7.1% of global GDP)
InternationalPeak fossil fuel use bodes well but many tests persist
The International Energy Agency now sees demand for oil, gas and coal peaking later this decade
InternationalDebate over US bank reform plan will persist into 2025
Lobbying by banks is increasing against the Fed’s bank regulation reform proposals
United States
