Something new is on the way. Get ready.

In the meantime, enjoy today’s content:

✅ In the U.S., consumption started the third quarter with strength and core PCE inflation rose again.

✅ Later today, the University of Michigan’s Consumer Sentiment Index for August will be released, with market consensus expecting it to come in around 58.6 points.

✅ Federal Reserve Governor Christopher Waller stated in his latest remarks on monetary policy that he will support a 25bp rate cut at the September meeting and anticipates further cuts ahead.