U.S. Economic News

September 11, 2020

U.S. Economic Indicators

Consumer prices rose 0.4% in August (up 1.3% from a year ago). The “core” CPI, which excludes food and energy, rose 0.4% and is up 1.7% from last year. BLS Report

U.S. News

The Wall Street Journal reports that a second round of direct stimulus checks and extended unemployment aid before November is growing increasingly unlikely as bipartisan talks in Congress stall. After a slimmed-down stimulus bill was voted down in the Senate on Thursday, lawmakers will have another chance to negotiate an agreement when the House returns next week. WSJ

According to the Financial Times, companies raised $210 billion in corporate bond sales last month – a record-high for the month of August – in an effort to load up on debt before the November presidential election generates more volatility in financial markets. Record-low interest rates and Fed support have contributed to strong demand for new corporate issuances, though issuers worry that debt deals may become more difficult later this year if the presidential election is contentious or virus cases surge again in colder winter months. FT