Econbrowser

Nominal sales growth at 1.2% m/m exceeded consensus at 0.8%, while same store sales at 1.4% also exceeded consensus at 0.4%.

Letter released today: DoD’s Operational, Logistical, and Sustainment Costs.

Strangely, 9/14 diesel was not on FRED today, but it was on EIA.

Today, we’re fortunate to have Willem Thorbecke, Senior Fellow at Japan’s Research Institute of Economy, Trade and Industry (RIETI) as a guest contributor.

From NYMEX:

The Houthis expand control of the Red Sea side of Yemen, threatening remaining Saudi oil exports — and yet prices fall.

Core CPI m/m came in at +0.3% vs. +0.2% consensus.

Opening for Assistant Professor of Public Policy (Market-Based Solutions to Societal Challenges) The La Follette School of Public Affairs (LFS) seeks to hire a scholar whose research examines how market-based institutions, competitive structures, and ince…

From U.Michigan, preliminary results for September: Figure 1: U.Michigan Consumer Sentiment, adjusted using Cummings-Tedeschi correction (blue, left scale), expected 1 year inflation, % (brown, right scale).

Real average hourly earnings: Figure 1: Average hourly earnings for production and nonsupervisory workers deflated by headline CPI (blue), Cleveland Fed nowcast (blue +), deflated by wage earner and clerical worker CPI (red), both in 2025$.

From Treasury: Figure 1: Change since 2/27/2026 in ten year Treasury constant maturity yields (blue), TIPS (red), both in %.

From EIA, as of yesterday $4.725/gallon.

Yesterday close, today: Figure 1: Ten year constant maturity Treasury (blue), on the run (red), both %.

That’s former CEA Chair Miran’s argument in the FT.

Data through 9/7 from the EIA: Source: EIA via FRED.

For the first couple of months of my stint on the CEA staff back in 2000, I had to cover trade issues (my designated area was international finance).

From Wisconsin Cheese Makers Association: On August 25, Canada announced a broad set of retaliatory tariffs, hitting U.S. dairy hard.

In the IS-LM equation, we have the investment function: Where I use the Blanchard modification that lets investment rise with income, kind of an accelerator.

Through yesterday: Figure 1: EPU (blue, left scale), 7 day centered moving average (red, left scale), EPU-trade policy (green, right scale), 7 day centered moving average (black, right scale), Source: policyuncertainty.com.

At least according to Trump: Well, according to Census data through July, not many countries: Belgium, Netherlands, Spain (although they drop out if European Union as a whole is taken as a “country”), Egypt, Nigeria, UK.