Recovery From Two Hurricanes, and German Automakers Look Forward

Recovery From Two Hurricanes, and German Automakers Look Forward
But Michael Saunders, a committee member who voted to raise rates, said in a speech last month
that a “modest rise” in interest rates was needed to ensure that the inflation returns to the central bank’s target over time.
Mark Carney, the Bank of England governor, said at the time
that inflation was expected to ease early next year and reduce pressure on household incomes
The Census Bureau will publish a snapshot of America’s economic welfare on Tuesday, including the median household income in 2016, the prevalence of poverty
and the share of Americans covered by health insurance.
The Monetary Policy Committee is widely expected to keep interest rates steady,
but the decision comes as some members of the committee have become increasingly concerned about inflation.
In its latest inflation forecast in August, the Bank of England said it expected inflation to peak at 3 percent in October.
At a financial services conference in New York on Tuesday morning, Harvey Schwartz, the president
and co-chief operating officer of Goldman Sachs, will present his firm’s current outlook.