Top-of-mind economic headlines as we start the week:

— Fed Chair Powell called inflation “too high” and warned that “we are prepared to raise rates further,” at Jackson Hole Economic Symposium.

— The Australian government said it is concerned about the domestic impact of China’s economic slowdown; China is Australia’s largest trading partner.

— U.S. home sales fell 2.2% in July vs. June; supply of houses for sale is 15% lower than 12 month ago and median price is 2% higher.

— The U of Michigan index of U.S. consumer sentiment was down slightly in August to 69.5, after a rising trend; index was around 90 at start of 2020.

— An S&P service will allow investors to assess nature & biodiversity risk; covers more than 17,000 companies on nature-related risk metrics.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.