US retail sales rise 1.2% in August, beating expectations
US retail sales rose 1.2 percent in August compared with July. This was a reversal from the 0.5 percent decline in July.
BusinessUS retail sales rose 1.2 percent in August compared with July. This was a reversal from the 0.5 percent decline in July.
BusinessA united US central bank led by new chair Kevin Warsh is going against President Donald Trump and raising the key interest rate by a quarter of a percentage point. Trump is unhappy and is now demanding that interest rates be lowered quickly.
BusinessThe wait-and-see week continues with mixed results on Asian stock markets.
BusinessFutures trading on Wall Street is pointing clearly lower ahead of the opening of the U.S. stock market on Tuesday. The broad S&P 500 index, which fell 0.5 percent on Monday, looks set to extend its decline by another 0.6 percent.
BusinessThe U.S. 10-year yield is at its highest level since 2007. The interest rate shock in the U.S. could hit Swedish households. It will become more expensive to lock in their mortgages, says Elisabet Kopelman, U.S. economist at SEB.
BusinessFor a while, the Stockholm Stock Exchange seemed to withstand the rate freeze and rising oil prices - but ultimately ended in the red.
BusinessUS inflation, as measured by the CPI, was unchanged at 3.4 percent in August. The figure has led the market to expect a US interest rate hike next week.
BusinessClear signals of future interest rate hikes from the European Central Bank (ECB) or an unexpectedly high US inflation figure could eventually push up mortgage rates in Sweden. A first step could be for the Swedish Central Bank, in two weeks, to signal an interest rate hike later this year.
BusinessMore in Federal Reserve
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