Schmid: Inflation Running Above 3% Supports Rate Hike
Kansas City Fed's Schmid supports recent rate hike, citing inflation above 3% and broad-based price pressures, while noting the economy's strength outside…
1 h ago5 min read
US August retail sales climb 1.2%, topping 0.8% forecast
US August retail sales rose 1.2% versus 0.8% expected. Prior month revised to -0.6%.
16/09/2026 12:412 min read
- The prior month's reading was a 0.6% decline.
- Excluding automobiles, the figure was measured against an expected 0.5% gain.
- The previous month's ex-autos reading had been -0.3%.
- The retail sales control group was compared to a forecast of +0.4%.
- That control group had fallen 0.4% in the prior month.
- Excluding autos and gasoline, the prior month's reading was -0.2%.
- On a nominal year-over-year basis, retail sales were compared to the prior rate of 5.01%.
Data on the retail control group:
Before the data release, market pricing showed a 92% probability of a rate hike.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Related articles
August US industrial output flat, missing expectations
US industrial production was flat in August, missing expectations, while manufacturing output fell 0.3%.
3 h ago16 min read
Yen Weakens, European Stocks Decline After BOJ Raises Rates
The BOJ hiked rates 25 bps to 1.25%, but dovish dissents disappointed markets. The yen weakened, stocks fell, and oil and bond yields remained elevated.
5 h ago8 min read
Lagarde rejects automatic rate hikes tied to energy prices
ECB President Lagarde says interest rates do not automatically follow energy prices, stressing a meeting-by-meeting approach.
6 h ago7 min read