.@ChicagoFed National Activity Index, which tracks overall economic activity, cooled in August falling to -0.04 vs. +0.08 prior (rev. up from -0.08) … 3m moving average increased to +0.01 vs. -0.01 prior … 39 of the 85 individual indicators made positive contributions

Chicago Fed’s Goolsbee Restoring Price Stability Won’t Be Painless Chicago Federal Reserve President Austan Goolsbee warned that returning inflation to the central bank's 2% target will be a challenging process, driven by persistent supply shocks from energy fluctuations and tariffs overlapping with strong economic demand. Speaking on the complex economic landscape, he emphasized that policymakers must account for the long-term impact these supply-side disruptions have on price growth. While acknowledging that supply shocks require a different evaluation than pure demand-driven pressures, Goolsbee stressed that there is "no ambiguity" about the Fed's commitment to act if demand begins to overheat the economy. Without concrete evidence that supply-driven inflation is fading, finding a credible path back to price stability remains a difficult and potentially painful endeavor.

Chicago Fed’s Goolsbee: Restoring Price Stability Won’t Be Painless - Strong Demand May Be Adding To Inflation Along With Energy, Tariff, Other Supply Shocks - 'No Ambiguity' What The Fed Would Do If Demand Is Overheating - Supply Shocks Are Proving To Have Persistent Impact On Inflation, Must Be Accounted For In Setting Monetary Policy - Need Evidence That Inflation From Supply Is Fading Or Hard To See A 'Credible Path' Back To 2% Inflation

Chickpeas and lentils could become staple crops for British farmers following a new project that aims to make the UK’s food supplies more resilient against climate change and trade wars. Read the full story here:

Chicago wheat edged lower after the steepest drop in nearly three years even as prospects of a peace deal between Russia and Ukraine faded with continued fighting in the Black Sea region