Yesterday’s GDP figures were slightly better than expected, but still showing a fall in Q2 of 0.6%. Despite this, most other data was more positive, including jobless claims falling.
All ears will be on Jackson Hole at 3pm UK time today, when Federal Reserve chair Jerome Powell will outline his thoughts on monetary policy and the challenges facing the US – and hence the global – economy.
Before that we’ll be hearing personal spending and income for July, both of which are expected to decline marginally from June.
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