The Federal Reserve’s narrowest gauge of money supply (measured in real or inflation-adjusted terms) posted a fractional gain in August vs. the year-earlier level – the first positive year-over-year reading since February 2016. The return of annual growth for the monetary base suggests that the central bank may be laying the groundwork to slow or even reverse its recent efforts to tighten policy.
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A new tropical depression/hurricane threatens US Gulf Coast: Miami Herald
Parsing Trump’s short list for the next Fed chair: Bloomberg
Hurricanes weigh on US job growth in ADP’s Sep report: CNBC
ISM Non-Mfg Index for US pops to highest level since 2005: CNBC
US Services PMI for September shows “strong” business activity: IHS Markit
Global economic growth is “broad-based and solid”: IHS Markit