海外研报

Global Macro Insight

We think the economics of elevated wage growth and sticky service sectorinflation do not warrant a rate cut at the 1 August meeting, despite the

SOFR methodology tweak: minimal impact

SOFR changes: no affiliate trades, limit specials impactLast week the NY Fed proposed two very technical changes to the SOFR calculation

New Home Sales Below Expectations; Upgrade Q2 GDP Tracking Estimate to 2.6%

The goods trade deficit narrowed in June, led by an increase in exports. Wholesaleinventories increased somewhat less than expected. The S&P Global manufacturing