Former Richmond Federal Reserve President Jeffrey Lacker said that Fed Chairman Jerome Powell faces the risk of out-of-control inflation, and although he vowed that the Fed can control inflation, he did not say that trauma surgery is needed to do this. "I think the Fed is in a dilemma," Lacker said in an interview with Michael McKee, Lisa Abramowicz and Tom Keene on Bloomberg TV on Monday. "The danger that soaring inflation poses to them-our six-month inflation rate is higher than at any time since 1983-the danger is that this situation continues."

Francois Villeroy de Galhau, a member of the European Central Bank Management Committee, said that when deciding on the pace of emergency bond purchases next week, policymakers should consider that financing conditions in the euro zone have become more favorable; this suggests that a slowdown in purchases may be imminent. According to Villeroy, who also serves as the governor of the Bank of France, any changes in the so-called PEPP plan will not be the kind of reduction that Fed Chairman Jerome Powell announced on Friday. "In terms of monthly scale, we are considering favorable financing conditions, and we should emphasize that it is already more favorable than when we met in June," Villeroy said on BFM Business Radio. "We have to decide the monthly purchase volume for the fourth quarter."

The number of second-hand housing contracts in the United States unexpectedly dropped for the second consecutive month in July, as limited inventory and soaring prices discouraged some potential buyers. According to data released by the National Association of Realtors on Monday, the second-hand housing contract volume index fell 1.8% from the previous month to 110.7, the lowest level in three months. Economists surveyed by Bloomberg expected a median increase of 0.3%. These data highlight that the high prices of a limited number of listed properties are causing many Americans to give up buying homes. Looking ahead, the easing of inventory constraints and still low loan interest rates should support buyer demand.

With the surge in new crown cases, EU countries voted to restore travel restrictions on the United States. This will make the tourism industry suffer a new blow. According to the EU statement, the majority of eligible ambassadors voted in favor to restore the restrictions on non-essential travel from the United States that were lifted in June. According to data from the European Union's Centers for Disease Control and Prevention, the United States had 588 new cases per 100,000 residents in the two weeks as of August 22, which is much higher than the 75 cases set by the EU guidelines.

Goldman Sachs Group analysts said that by the end of this year, landlords may evict about 750,000 American families because the expiration of the eviction ban and strong rental demand have given landlords an incentive to evict tenants. Analysts estimated in their August 29 report that up to 3.5 million households are currently in arrears in rent, with a total arrears of up to $17 billion. During the Covid-19 pandemic, tenants who owe rent can continue to live, but the Supreme Court lifted the federal government's eviction ban last week, and the rest of the state and local suspension of eviction orders will expire later this year.

The front page of China Securities News quoted analysts as reporting that in contact with the financial institution monetary and credit situation analysis seminar held by the central bank a few days ago, analysts believe that the release of a new round of wide credit signals will soon increase credit investment.

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