Central Bank Decisions, a U.S. PMI Surprise, and a Further Advance in the Price of Oil

The U.S. Institute of Supply Management delivered a surprisingly buoyant U.S. non-manufacturing purchasing managers survey for the month of August, showing an overall 6-month high reading of 54.5 versus 52.7 in July and including a 2.1-point increase in the inflation subindex to 58.9. This news eclipsed the other S&P Global U.S. PMI news of 6- […]