August 21, 2026
United States:
Economists Boost US Growth Forecasts for Third Quarter
Economists raised their forecasts for US economic growth in the third quarter, reflecting upward adjustments to consumer spending as well as private investment that includes capital outlays on artificial intelligence.
Gross domestic product is now seen expanding at a 2.5% annualized rate in the third quarter, up from 2% in the previous survey, according to the latest Bloomberg News monthly survey of economists.
Europe:
ECB Says Consumers’ Inflation Expectations Edged Down in July
Inflation expectations among euro-area consumers inched down in July, easing European Central Bank concern over price risks from the Iran war.
Consumer prices were seen rising 2.9% over the next year, down from 3% in June, a monthly survey by the ECB showed Friday.
Asia:
Japan’s Inflation Picks Up, Backing BOJ’s Case for Rate Hike
Japan’s key price gauge accelerated for a second month, keeping the Bank of Japan on track for another near-term interest rate hike as market speculation builds over a move as soon as September.
The consumer price index excluding fresh food rose 1.8% in July from a year earlier, the Ministry of Internal Affairs and Communications said Friday, picking up from a 1.6% advance in the previous month.
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