4504 Outlook

Economic Outlook: September 13, 2019

Sep 12, 2019  | Ep4504

Predicting the winner of a football game between rivals is almost as easy as guessing what the Federal Reserve will do with its key interest rates when they huddle next month. --

The data point of producer prices unexpectedly rose in August 0.1 percent - mostly on the plunge in energy prices – a signal inflation is remaining tame.

Lower gasoline prices factored into consumer prices, as the mark edged up 0.1 percent.

However, when energy and food are removed from the equation, core inflation rose at its fastest pace in a year – adding 0.3 percent for the third straight month.

 More shoppers bought automobiles and made online purchases as retail sales increased almost half a percent.

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