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Action Economics Survey results: there is no want for drama.

Action Economics Survey results: there is no want for drama as the summer draws to a close. Trade issues are a focal point as the U.S. and Canada try to hash out a deal. Emerging markets are on shaky footing with the firmer dollar and rising U.S. interest rates. Then there is the ongoing political machinations. About the only "sure bet," however, is a Fed rate hike on September 26. The Survey shows unanimous expectations for a 25 bp tightening to a 2.125% band midpoint, with another increase to 2.375% at the December meeting. Meanwhile, the data calendar fills up with key numbers, including the August jobs report, where the Survey Median points to a 190k increase in payrolls, with the unemployment rate slipping back to 3.8%. The manufacturing ISM is expected to dip to 57.6 in August, while the services index is seen edging up to 56.5.

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Publication:The Fly
Date:Aug 31, 2018
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