Readings exceeds expectations, m/m 0.6% vs. 0.3% Bloomberg consensus (0.1% vs -0.1% core).
Year-on-year, activity still seems to be increasing. Shown below are the Lewis-Mertens-Stock (NY Fed) WEI, and the Woloszko (OECD) Weekly Tracker, and the Baumeister-Leiva-Leon-Sims Weekly Economic Conditions Index for the US, for data up to a week ago (September 3rd):
Official vs. effective, real vs. nominal, bilateral vs. multilateral.
It might be misleading to rely to heavily on simple inflation break even calculations, which show inflation over the next five years lower today than they were on the even of the expanded Russian invasion of Ukraine.
From PredictIt today: