Policymakers are meeting this week, with a decision expected Wednesday; UAW resumes contract talks with Detroit’s Big Three; California suing oil companies over climate change; Yellow plans to auction off its 12,000 trucks.
Consumers expect inflation to be at 3.1 percent in a year, lowest expectation in more than two years; UAW strikes against Detroit Three automakers; Media companies to resume negotiations with striking writers; Apple to update software in iPhone 12 models amid radiation concern.
Retail sales rose 0.6 percent in August; Wholesale prices rose 1.6 percent annually; Jobless claims remain low at 220,000; Gannett to hire reporters dedicated to covering Beyonce, Taylor Swift.
Inflation was at 0.6 percent in August, an acceleration from July; IEA predicts energy prices will remain elevated the rest of the year; Fed expected to keep interest rates steady next week; New York City, Oregon sue Fox over 2020 election lies
Government lawyers allege an online search monopoly; Biden administration wants changes to migrant farmworkers visa program; 2023 is already a new record for costly weather disasters; Detroit automakers and union apparently making progress, three days before potential strike.