Gold Extends to Record Highs on USD Pullback

In August, prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), increased 0.5% month over month and gained 4.0% year over year. At ...

St. Louis Fed President Alberto Musalem shared his views on the U.S. economy and monetary policy at a Brookings Institution event in Washington, D.C. He gave a speech, “Remarks on the Economic Outlook, the Balance of Risks and Monetary Policy,” and participated in a moderated Q&A. Key Takeaways from President Musalem’s Remarks: • Given the economic outlook and balance of risks, I supported the 25-basis-point reduction in the FOMC’s policy rate last week as a precautionary move intended to support the labor market at full employment and against further weakening. • Recent data indicate the downside risks to employment have increased relative to the risk of inflation remaining persistently above target. Fed's Musalem: Loose financial conditions, other factors mean the Fed should move cautiously on further cuts. Fed's Musalem: Economy near full employment, recent cut to help maintain it Fed's Musalem: Monetary policy must continue to lean against inflation that remains above target. Fed's Musalem: Overemphasis on labor market could lead to policy that is too loose and do more harm than good.

In September 2025, DG ECFIN’s flash estimate1 of the consumer confidence indicator2 increased by 0.5 percentage points (pps) in the EU and 0.6 pps in the euro area. Now scoring at ...