Strong services price pressures will add to Fed’s concerns The rise in the ISM Services Index in May, together with the latest rise in the manufacturing index, suggests that the economy is enjoying...

While we suspect the labour market is too weak to generate big second-round effects, the inevitable rise in CPI inflation from 2.8% in April to a peak of 4.0% early next year under our baseline...

The PMIs suggest that China’s economy accelerated in May, with the import price shock from the Iran war moderating, external demand holding up well and AI-related spending boosting services activity.

Higher crude oil revenues are likely to allow Ghana’s government to loosen fiscal policy which, taken together with the lagged impact of the large monetary easing cycle, should support the economy. We...