Intermoney | US foreign trade posted a $78.8 billion deficit in July, which was within our forecast, widening the gap to the highest level in two years, driven by a surge in goods imports. But it also reflected the intention of companies to ensure adequate supply in the face of a possible dock workers’ strike, which led the value of imports of goods and services to rise by 2.1%. And…

Bankinter | Atlanta Fed President Bostic said that with inflation moving back towards target and unemployment levels slightly above what they anticipated, it makes the most sense to implement the first rate cut at the September 18 meeting. However, he added that before taking any decision, the two remaining inflation data until the meeting (PCE and CPI) and above all the employment data (6 Sept.) will be crucial. Under this…

Bankinter | Consumer Confidence has improved more than expected in August. It has risen to 103.3 versus the 101.0 expected and 101.9 previous (revised from 100.3 points). Both components improve: Expectations to 82.5 from 81.1 (revised from 78.2) and Current Situation to 134.4 from 133.1 (revised from 133.6). Case-Shiller House Prices barely decelerated in June, highlighting the robustness of the real estate sector: +6.47% year-on-year in June versus +6.50% expected…