‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Europe can’t achieve space sovereignty alone. Here’s why 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
1 in 3 uni students experience serious financial hardship. Could concession cards for all help? 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
China’s robots can run faster than Usain Bolt – now they are being prepared for war 
Add as a preferred source on Google
Richmond FED's manufacturing index strengthened in July. The composite index rose to 13 in July from 7 in June.
Input prices are pointing to strengthening price pressure.
- Prices of raw materials rose more quickly this month, advancing at an annualized 1.45 percent rate, compared to a 0.97 percent pace previously.
- Prices of finished goods rose at a 0.58 annualized rate, slightly below June's 0.59 percent pace.
- Moreover, for the six months ahead, survey participants expected input prices would continue to grow at the current pace, following June's expectation for 1.47 percent growth.
- Finished goods prices were expected to rise at an annualized 1.03 percent rate, compared to the previous outlook for 0.92 percent growth.
After Yesterday's Dallas FED survey, today's Richmond FED survey clearly shows manufacturing is once again gaining ground after contraction in first quarter of the year.
- Index for shipments rose to 16 in July from 5 in June and new orders rose to 17 from 10 in June.
With manufacturing bouncing back strongly enough, FED is clearly on its path to hike rates for first time since 2006.
