Positive economic news this morning (PST) seems to have powered all three major US indices into the green. Retail sales rose in August more than expected mainly fueled by higher gas prices. Consumers also seem to have spent on entertainment, sports type of activities and have gotten cautious in some areas but in general the consumer spending appears to be healthy. PPI also rose in August mainly powered by gas prices (yesterday's CPI number also showed that). Last week's unemployment claims rose but were below estimates. So, in general, it looks like the consumer and economy seem to be in a reasonably good shape and allows Feds more maneuvering freedom to tame inflation.
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