US October University of Michigan Consumer Sentiment Index Falls to 53.6, Below Expectations of 55
US consumer sentiment weakened in October as the University of Michigan index dropped to 53.6, missing market expectations of 55.
Germany September Ifo Business Climate Index Falls to 87.7, Below Forecast of 89.4
Germany's Ifo Business Climate Index dropped to 87.7 in September, missing expectations of 89.4 and signaling persistent economic challenges for Europe's largest economy.
Germany’s Ifo Business Climate Index Rises to 89.0 in August—Highest in 15 Months
Germany’s Ifo Business Climate Index climbed to 89.0 in August, marking its highest level in 15 months and signaling improved sentiment among German companies.
Eurozone August Services PMI Preliminary Reading at 50.7—Slightly Below Expectations
Eurozone's August services PMI posts a preliminary reading of 50.7, narrowly missing market forecasts and signaling subdued sector momentum.
Powell Says Unemployment Rate Is the Most Important Indicator
Fed Chair Jerome Powell highlights the unemployment rate as the key economic indicator, signaling its central role in future monetary policy decisions.
US July S&P Global Services PMI Preliminary Reading at 55.2, Surpassing Forecast of 53.0
US services sector activity in July outperformed expectations, with the S&P Global Services PMI preliminary reading rising to 55.2 versus the forecasted 53.0.
US June S&P Global Services PMI at 52.9, Below Forecast of 53.1
US S&P Global Services PMI for June came in at 52.9, slightly missing expectations of 53.1, signaling a modest expansion in the services sector.
US May S&P Global Manufacturing PMI at 52, Below Forecast of 52.3
US manufacturing activity expanded in May as the S&P Global Manufacturing PMI reached 52, slightly missing market expectations of 52.3.
Target's Poor Performance Signals US Consumer Spending Slowdown
Target's disappointing Q1 results and lowered annual forecast signal weakening U.S. consumer spending, raising concerns about broader economic implications.
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