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US inflation continues unabated, with higher fuel costs now feeding through into logistics. CPI is running at 3.7%, with energy costs up 5.3% on the back of oil rising more than 9% on the month. This week we look at whether US manufacturing PMIs can sustain the recent momentum in industry, and in the UK, we get the latest unemployment and inflation prints.
On rates, Warsh’s first October decision comes with a twist. Once rates start moving in one direction they normally keep going, but not this month (we think!). We also look at the UK’s plans for an expanded social security scheme, which…
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