Wolf Money(world market review 24-30 Aug 2026)
(Image credit: GRACIOUSQUOTES.COM) Market Summary 24-30 Aug 2026 *USA* -US headline PCE price index rose 0.2% MoM in Jul and 3.7% YoY, Core PCE index rose 0.2% and 3.3%, matching expectations ± US GDP increase at annual rate of 1.5% in Q2: BEA on 2nd estimate ± Warsh: Inflation must move toward target at sufficient speed; Fed has ‘work to do’ if above-target inflation persists + US added average of 11,750 jobs per week in the 4th weeks end Aug 8: ADP -US consumer sentiment index down 6.3% MoM to 51.7 in Aug, dropped 11.2% on annual level -US consumer confidence dipped to 89.4 in Aug, vs 90.8 in Jul -US trade deficit in goods rose by 17.2% from Jun to US$118.8bn in Jul + US durable goods orders up 1.1% MoM or US$3.6bn in Jul to US$339.3bn + US Treasury could tap into the US$1 trillion General AC to support govt bond buybacks: CNBC ± US auctioned US$69bn in 2-year notes at high yield of 4.2%; bid-to-cover ratio 2.6, indic...