The Monday Mix: August 21 – 27, 2023

Top-of-mind economic headlines as we start the week:

Fed Chair Powell called inflation “too high” and warned that “we are prepared to raise rates further,” at Jackson Hole Economic Symposium.

The Australian government said it is concerned about the domestic impact of China’s economic slowdown; China is Australia’s largest trading partner.

U.S. home sales fell 2.2% in July vs. June; supply of houses for sale is 15% lower than 12 month ago and median price is 2% higher.

The U of Michigan index of U.S. consumer sentiment was down slightly in August to 69.5, after a rising trend; index was around 90 at start of 2020.

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