News Snapshot:
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: US US consumer spending rose at a sluggish pace in July, even while Americans got some relief on prices, indicating the economy is feeling the pinch from the highest inflation in a generation. Even though the Fed’s headline inflation figure eased, wages and salaries rose a robust 0.8% in July, which may spur further concerns about inflation becoming entrenched in the economy. The government’s main measures of US growth pointed in different directions in the first half of 2022, adding...