AGP Executive Report
Last update: 7 hours agoUS Macro & Rates: PCE inflation came in lower for August, but the drop was partly due to BEA methodology changes; Fed officials flagged underlying inflation doing better than core suggests, with more data due before the next FOMC. US Growth: BEA revised Q2 GDP growth to 2.2% (from 2.1%), lifting investment, consumer spending and government contributions. UK Economy: ONS revised Q2 UK growth to 0.5% (from 0.4%), while noting weaker 2025 growth; diesel is edging toward £2 a litre. California Watch: UCLA says California’s economy is growing faster than the US, but employment remains weak, with an “employment recession” still visible. Consumer Demand: Edmunds expects US Q3 new-vehicle sales to dip slightly as high rates and gas prices pressure budgets. Tech & AI: Apple’s first foldable iPhone could sell ~6m units this year, but hinges on production ramp; meanwhile, AI safety is becoming a corporate priority. Markets & Geopolitics: Gulf stocks mostly fell as US-Iran talks offered little near-term relief; crude flows via Red Sea terminals resumed. Corporate Finance: Power Solutions International secured a $220m committed revolving credit facility. Energy & Commodities: Natural gas pricing remains sensitive to supply timing and storage levels; gold and bitcoin traded with macro jitters. Forecast Desk: A wave of market-research releases points to steady growth in areas like controlled-release fertilizers, RF repeater systems, analytics, and cryogenic equipment.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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