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Retail sales rise better-than-expected 1.2% in August

The strong spending report comes as the Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation.

Sources (1)· Sep 16, 12:49 PM

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PBS News· Sep 16, 12:49 PMRetail sales rise better-than-expected 1.2% in August

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House nears vote on Russia sanctions bill named after late Sen. Lindsey GrahamThe House will soon vote on a broad package of sanctions targeting Russian officials and key pillars of its economy as lawmakers look to deprive Russian

Breitbart News Network22d agoWhole story →

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Norway's proposed West Bank trade ban bill accused of targeting JewsNorway's proposed trade ban on Israeli settlements in the West Bank could carry up to three years in prison. Critics say the legislation singles out Jews.

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EU chief Ursula von der Leyen says she wants Canada to become the bloc's 1st associate memberEuropean Commission President Ursula von der Leyen has proposed opening a path for Canada to become the EU’s first associate member. She made the announcement Wednesday during her State of the European Union address. Canadian Prime Minister Mark Carney received a standing ovation from European lawmakers. Trump’s tariffs and talk of making Canada the 51st…

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Tidewater Reach abandonment need not be a snap decisionCongress should not rush a decision on abandoning Tidewater Reach, a 650-foot-long shipping channel in Charleston Harbor once used for cruise ships and still used by other maritime commerce.

Charleston Post and Courier22d agoWhole story →

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Japan’s Oil Import Bill Soars 59% as Trade Deficit DeepensJapan’s oil import costs surged as high crude prices and supply diversification widened the country’s trade deficit.

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Since

Will Trump’s diesel order do anything?This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: Donald Trump is trying to fix the diesel crisis he caused. What’s happening? On Monday evening, Trump signed an executive order intended to lower…

Vox1d agoWhole story →

Economy diesel crisis response

Nixon’s Realism Returns to America’s China Policy Under TrumpWhen President Donald Trump welcomed Chinese leader Xi Jinping to D.C. last month, much of Washington expected nothing more than political theater. To the surprise of this administration’s antagonists, Xi departed three days later, having agreed to a framework covering $30 billion in trade. Beijing also committed to buying 20 million metric tons of…

The Daily Signal1d agoWhole story →

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Bloomberg Businessweek Daily: AI Bulls Take The Lead (Podcast)The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Just a week ahead of the earnings season, the S&P 500 headed toward its first record close since August. Strong corporate earnings, enthusiasm around the artificial intelligence trade and a US economy that has so far avoided a…

Bloomberg1d agoWhole story →

Coal company’s $1 billion lawsuit tossed out against Oakland tossed outA $1 billion lawsuit against the city of Oakland by coal company Insight Terminal Solutions was dismissed by a Kentucky judge for lacking jurisdiction on Sept. 30. Later that day, California Gov. Gavin Newsom signed a bill requiring full environmental review for all new coal facilities.

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Trump's latest claim about his economy immediately backfires: 'Not how this works'President Donald Trump's latest claim about his economy immediately backfired Tuesday. Speaking with reporters outside the White House , Trump said that his economic policies had produced a "strong dollar." Usually, that term means U.S. imports are cheaper, and exports to foreign countries are more expensive. But Trump was using the phrase to refer to a…

Raw Story1d agoWhole story →

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US futures climb ahead of Fed interest rate call and the latest retail sales numbersU.S. futures are rising as investors await the Federal Reserve’s decision on interest rates, with high expectations of a hike. The potential hike will be the first in three years as inflation remains elevated in the United States and above the Fed’s target. Futures for the S&P 500 gained 0.2% on Wednesday, while those for the Dow Jones Industrial Average…

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US inflation rises less than expected in August; consumer spending surgesU.S. inflation increased less than expected in August, which could see financial markets further reduce the odds of another interest rate increase from the Federal Reserve next month.

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Inflation stayed hot in August, as CPI rose at an annual rate of 3.4% - higher than economists expectedThe report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.

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What it means for your moneyThe Federal Reserve is widely expected to raise its benchmark interest rate by a quarter percentage point at its September meeting.

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