- "US bank credit has contracted for three months. Real US wages fell at almost 10pc (annualized) over May and June. This is a ferocious squeeze for an economy already in the grip of the property and debt crunch."

USA Macro News sector headlines

•  Today 02:33pm
  NY Fed: Dealers submit $26.65B in $50B TSLF auction, $26.65B accepted, bid to cover ratio 0.53 v 1.79 prior- Stop out rate 0.25%
  
•  Today 02:21pm
  Planalytics speculates that any damage to the offshore rigs in the Gulf of Mexico should not have long lasting effects
  
•  Today 02:00pm
  National Hurricane Center (NHC) update: Gustav moving West at 5 mph, max winds up to 70mph- Location: 17.9 N 76.2 W, heading W at 5mph - Max sustained winds: 70 mph - Pressure: 983 mb - Expected more...
  
•  Today 02:00pm
  Market Internals update at 2:00pmET Premium Content. More available for TTN clients only. Click here for a free trial
  
•  Today 01:34pm
  (MX) Mexican Fin Min Carstens: consumer spending is definitely slowing and consumer credit growth is decelerating- expects to hit 4% growth by Q4 2009