Bonds & Stocks
Wall Street traders gearing up for the Federal Reserve decision refrained from making big bets as they awaited clues on the path of rates that will shape the outlook for markets over the next few months. A solid reading on retail sales did little to move markets, with equities holding gains, bonds yields barely budging and the dollar edging lower. The value of retail purchases, not adjusted for inflation, increased 0.6% after a similar gain in July.
Economy
The US will begin implementing a lower 15% tariff rate on imports of automobiles and auto parts from Japan as of Tuesday morning, in line with a trade deal between the two economies. The lower rate will take effect for "passenger vehicles and light trucks (automobiles) and automobile parts that are products of Japan" entered for consumption on or after 12:01 a.m. eastern daylight time on September 16, 2025.
World
New research from Yale University’s School of Public Health’s Humanitarian Research Lab has revealed the staggering scale of Russia’s abuses against Ukrainian children. While the Ukrainian authorities estimated that 19,000 children had been abducted by Russian forces, the HRL’s research pegs this figure at 35,000. Many of these children are subjected to re-education to eviscerate their Ukrainian identity and, even more alarmingly, to forced labour in Russian drone factories.