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Fed Rate Decision and August Retail Sales Lead Wall Street Week

By Markets Desk · 2026-09-12 · Updated 2026-09-12 08:51 UTC
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Illustration: Tradingbird

With the Fed meeting set to conclude Wednesday, markets are watching for a potential rate hike to combat inflation that has remained above 3% due to oil supply disruptions from the U.S.-Iran conflict. While August retail sales data will offer a gauge on consumer spending, the central bank faces increasing political pressure from the White House to lower rates instead.

  • New details from GN markets/policy (en-US) attribute the persistent inflation above 3% to the U.S. war with Iran, which has effectively closed the Strait of Hormuz and disrupted global oil supplies. The report also notes that President Trump is actively pressuring the Federal Reserve to cut rates rather than hike them, creating a political tension against the central bank's inflation-fighting mandate.

    Source: newstimes.com

  • The Federal Reserve concludes its meeting Wednesday with a potential rate hike to combat inflation above 3%. August retail sales data will also release, offering insight into consumer spending habits amid economic pressure.

    Source: The Killeen Daily Herald
Based on reporting by The Killeen Daily Herald and newstimes.com, compiled by the Tradingbird desk.

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