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Australia's Wage Price Index rose 0.8% in Q1 2026, matching expectations. Private-sector wage growth kept slowing to the softest annual pace this cycle (3.2%), while public-sector gains cooled also. Q2 is expected to look similar. Q3 might heat up, the mimimum wage increase will feed through, but that's an issue for later!
This article was written by Eamonn Sheridan at investinglive.com.Politico is reporting that a potential interim trade deal between the US and Canada is now on President Trump’s desk, according to people familiar with the negotiations, leaving Trump to decide whether to accept an interim deal before broader USMCA talks or allow the planned 50% tariff on certain Canadian goods to take effect at midnight on August 19.
US and Canadian negotiators have held intensive talks in recent days, attempting to resolve several longstanding trade disputes. The emerging package would reportedly include Canadian concessions on dairy tariffs, the removal of some Canadian retaliatory measures against US goods, including provincial restrictions on US alcohol, and progress toward reducing US tariffs on…
The outlook for a last-minute US-Canada trade agreement is getting a bit bleaker, with US officials reportedly downplaying hopes of a deal ahead of Tuesday’s tariff deadline. US President Trump and Canadian PM Carney are nevertheless expected to speak again ahead of the midnight deadline.
The latest development follows Monday’s direct call between Trump and Carney. While Canadian officials have described negotiations as intense and delicate, the White House has reportedly indicated that no breakthrough has yet been reached that would justify delaying the planned tariffs.
As a reminder, the US is scheduled to impose 50% tariffs on around $20 billion of Canadian imports at 12:01 a.m. Wednesday, making the coming hours critical for Canada, the…
Canadian and US negotiators are expected to meet again as both sides make a final push to reach an agreement before US’s midnight tariff deadline, according to CBC News. The latest development adds some hope that diplomacy remains active, but it comes against a backdrop of considerable uncertainty.
Earlier in the session, FOX Business White House correspondent Edward Lawrence reported that a White House official said Trump and Carney had discussed the planned retaliatory tariffs but failed to reach a resolution that would prompt the president to delay them.
That report weighed on the Canadian dollar, as markets interpreted the lack of a breakthrough as a sign that the tariffs were still likely to take effect. The latest…
Business executives surveyed by the Federal Reserve Bank of Cleveland expect consumer price inflation to ease slightly over the coming year, while wage growth and employment conditions are expected to remain broadly stable.
Executives now anticipate CPI inflation of 3.3% over the next year, down from 3.7% in the second quarter. The decline suggests that businesses are seeing somewhat less persistent inflation pressure, although expected inflation remains well above the Federal Reserve’s 2% target.
Expectations for the labor market have changed little. Wage growth is projected at 2.8% over the coming year, only slightly below the 2.9% level recorded in last year’s survey. Businesses also expect relatively little change in…
The Pentagon is evaluating whether the damage inflicted on US military facilities during the Iran war should lead to a fundamental restructuring of America’s military presence in the Middle East. While no formal review has been ordered by Defense Secretary Pete Hegseth, officials say the Pentagon’s policy office, Joint Staff and US Central Command are examining options that could eventually influence decisions on rebuilding damaged bases.
One of the main questions is whether the US should reduce its troop presence in the Persian Gulf, where major facilities have come under repeated Iranian missile and drone attacks. The US normally maintains around 40,000 troops across nearly 20 sites stretching from Jordan to Oman, with…
The Canadian dollar weakened following a tweet from FOX Business White House correspondent Edward Lawrencethat President Donald Trump spoke with Canadian Prime Minister Mark Carney about additional tariffs Washington is preparing to impose on Canada.
According to Lawrence, a White House official confirmed that Trump and Carney spoke last night, with the discussion focused on the retaliatory tariffs planned by the US administration. The official reportedly said that the conversation produced no resolution that would prompt Trump to delay the measures, which are scheduled to take effect at 12:01 a.m. on August 19.
The report added to concerns that the two countries remain unable to reach an agreement ahead of the deadline. Markets had been…
The Atlanta Federal Reserve’s GDPNow model lowered its estimate for US real GDP growth in the third quarter of 2026 to 4.03%, down from 4.31% on August 14.
Despite the downgrade, the latest estimate still points to a strong pace of economic expansion, although we still have a long way till the Q3 advance GDP report in October.
The main change came from the model’s estimate for real gross private domestic investment, with annualized growth now expected at 13.7%, down from the previous estimate of 15.2%. This weaker investment outlook was the key factor behind the overall GDPNow revision.
This article was written by Giuseppe Dellamotta at investinglive.com.This is not really a news as the US-Iran talks have been in a deadlock for a couple of weeks, despite some initial optimism.
This article was written by Giuseppe Dellamotta at investinglive.com.US industrial activity continued to expand in July. Industrial production increased 0.2% m/m, following a 0.3% rise in June. Manufacturing production also grew 0.2%, while mining output increased 0.2% and utilities advanced 0.5%.
Within manufacturing, output excluding motor vehicles and parts rose 0.4%, suggesting that the underlying manufacturing sector performed somewhat better than the headline figure indicates.
Total industrial production stood at 103.0% of its 2017 average, leaving output 1.1% above its level a year…
At the end of July and the beginning of August, Japan and the U.S. conducted a rare, joint currency intervention to support the yen, spending around $89 billion and $5-$10 billion, respectively. Initially, the yen strengthened from 164 to 156 against the dollar, but two weeks later, USD/JPY is back near 160. Why?
Because it did nothing to fix the underlying problems, including the huge rate gap between the U.S. and Japan, which keeps the carry trade attractive as investors borrow yen to buy, for example, higher-yielding U.S.assets.
But hasn’t U.S. inflation started to cool, so the Fed might turn more dovish?
Indeed, July CPI eased to 3.4% year over year from 3.5% in June. Core CPI fell to 2.5% from 2.6%. PPI also came in below…