U.S. consumers’ view of the current and future economy continued to improve in the University of Michigan’s final September reading of its Consumer Sentiment Index.
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INFLATION FALLS FURTHER, FANNING RATE-CUT EXPECTATIONS
The Personal Consumption Expenditures Index, the U.S. Federal Reserve’s most closely-watched inflation gauge, fell to 2.2 percent in August, edging below economists’ consensus forecast of 2.3 percent and strengthening expectations that the central bank will cut rates at least once more this year.
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INFLATION, CONSUMER SPENDING BARELY BUDGE IN AUGUST
The Personal Consumption Expenditures Price Index, which is the U.S. Federal Reserve’s favorite inflation measure ticked up just 0.1 percent in August from July, its smallest rise in three months, the Bureau of Economic Analysis reported.
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OXFAM: WORLD’S TOP 1 PERCENT OWNS MORE WEALTH THAN 95 PERCENT OF HUMANITY
Oxfam released a report last week that showed the wealth disparity around the world and how the Bigs own everything.
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JAPAN’S NEW PM WILL SEEK AN ASIAN VERSION OF NATO, DOESN’T LIKE U.S. MILITARY ARRANGEMENT
Shigeru Ishiba, Japan’s former defense minister and next prime minister, hopes to make significant changes to the military alliance structure in the country and aims to create a military alliance akin to NATO.
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U.S. ANNOUNCES NEARLY $9 BILLION IN MORE WEAPONS FOR UKRAINE
The Biden administration announced last week that it will provide Ukraine with another nearly $9 billion in weapons so the Ukrainian forces can continue to drag out the war that they have no chance of winning.
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UKRAINE’S FRONTLINE IS COMPRISED OF INEXPERIENCED, UNPREPARED FORCES
Ukraine is running out of trained fighters in its war against Russia and has been forced to turn to soldiers with little to no experience who have been getting routed in direct conflict with the better-armed Russian forces, a report said.
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WHEN ALL ELSE FAILS, THEY TAKE YOU TO WAR: NETANYAHU RISES IN POLLS AS HE RAMPS UP WAR
Israeli Prime Minister Benjamin Netanyahu has benefited politically from his recent terror attacks in Lebanon, and polls show that his Likud party is the most popular in the country—after suffering a setback after the Hamas attack last year.
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ZELENSKY’S VICTORY PLAN EQUALS DEFEAT
Ukrainian President Volodymyr Zelensky presented the Biden administration with his so-called “victory plan” last week and the initial reaction in the White House is doubt that the strategy presents any new ideas to end the war and expel Russian forces.
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BULLSHIT BIDEN UPDATES UN ON UKRAINE AND ISRAEL WARS AS U.S. CONTINUES TO INSTIGATE
U.S. President Joe Biden addressed the UN General Assembly and gave an update on the two major wars in Ukraine and in Gaza.