US business activity moderates further in September

US business activity moderates further in September

WASHINGTON (Reuters) -U.S. business activity slowed for a second straight month in September, and though firms complained about tariffs raising costs, they were not raising prices for their goods and services, which bodes well for the inflation outlook. S&P Global’s flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, slipped to…

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Bank of England’s chief economist ‘more comfortable’ with inflation outlook

Bank of England’s chief economist ‘more comfortable’ with inflation outlook

The Bank of England’s (BoE) chief economist, Huw Pill, has signalled growing confidence in the UK’s disinflationary trajectory, saying he is now “more comfortable” with the inflation outlook than he was earlier this year. Speaking at an event hosted by the Pictet Research Institute, Pill, one of the Monetary Policy Committee’s (MPC) more hawkish voices,…

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