Explore stories from Atlantic Canada.
Sweet and Spicy: what's the buzz on honey infusions? | SaltWireLONDON - U.S. service-sector businesses returned to steady expansion in the third quarter after a brief and scarcely perceptible slowdown in the second quarter, according to business surveys.
The Institute for Supply Management’s services activity index was at 53.6 in September up from a low of 50.3 in May. Service-sector prices are rising more than twice as fast as the central bank’s whole-economy flexible average inflation target of a little over 2%. Real rates have only become positive in the last few months, however, and even then they are scarcely higher than most measures of inflation.
Most rate traders anticipate the central bank will be forced to keep overnight rates higher for longer to squeeze persistent inflation out of the economy.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Persistent U.S. services inflation dampens oil outlookHigher rates will dampen interest-sensitive expenditure and likely lead to slower growth in oil consumption
Read more »
NASA set to launch spacecraft to explore metal-rich asteroid PsycheExplore stories from Atlantic Canada.
Read more »
NASA set to launch spacecraft to explore metal-rich asteroid PsycheExplore stories from Atlantic Canada.
Read more »
Asian shares drop sharply as US price data revives rate hike jittersExplore stories from Atlantic Canada.
Read more »
Kaiser Permanente resumes talks with healthcare workers union week after strikeExplore stories from Atlantic Canada.
Read more »
China's exports, imports slump narrows in SeptemberExplore stories from Atlantic Canada.
Read more »