“Consumer spending leveled off in August, a sign of
caution among households amid lackluster economic growth.
Personal consumption, which measures how much Americans
spent on everything from new cars to nursery schools, was unchanged in
August from a month earlier…Incomes rose 0.2%, the slowest growth
since February.” Story at…
PCE PRICES (Investing.com)
“…the annual increase
in core PCE prices rose closer to the Federal Reserve's (Fed) target, official
data showed on Friday.” Story at…
CHICAGO PMI (Business Insider)
“Business activity in Chicago accelerated in September
after a slowdown in August, according to the Institute of Supply
Management and MNI Indicators. They reported their purchasing manager's index at
54.2, up from 51.5 in August…” Story at…
PURCHASING STOCKS AND CORPORATE BONDS COULD HELP IN A
DOWNTURN – YELLEN (CNBC)
“The Federal
Reserve could get
benefits from buying assets other than long-term U.S. debt if in a future
downturn it could not buy any more government bonds, Fed Chair Janet Yellen said on Thursday…buying equities and
corporate bonds could have costs and benefits.” Story at…
My cmt: Good God, please No! Government intervention in
free markets is a frightening thought - we’ve got too much already.
