A collapse in French and Spanish inflation to below the 2.0% level makes it increasingly difficult for the European Central Bank (ECB) to forgo a consecutive interest rate cut in October.
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Revisions to savings, consumption and income data show the U.S. consumer is in a better position than previously assumed.
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Deutsche Bank has shifted its baseline expectation for the ECB's monetary policy from a "gradual normalisation" to a "faster normalisation" scenario.
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U.S. consumers are saving money at unsustainably low levels, and when they start to do so again, the economy will take a hit.
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New forecasts from the OECD show the UK has a problem with sticky inflation, requiring ongoing vigilance from the Bank of England.
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The Bank of England's Megan Greene says the interest rate policy was not as restrictive as she and her colleagues had assumed.
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Another poor economic survey confirms Germany's economy is likely in a recession. But those looking ahead see the potential for a turnaround.
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