Top-of-mind economic headlines as we start the week:
— A walkout by some 12,000 hourly workers at the Big Three U.S. automakers could have significant economic impact if it expands to all 149,000 union workers.
— U.S. wholesale prices rose 0.7% in August, the biggest monthly gain since June 2022, mostly due to higher energy prices; minus food & energy the rise was 0.2%.
— U.S. consumers expect inflation to slow to 3.1% in the year ahead (per Sept. survey), down from 3.5% in August, despite higher gas prices.
— China’s industrial output and retail sales both rebounded in August (+4.5% and 4.6% respectively), a sign that government’s stimulus measures are working.
— California will require all big companies operating in the state to report greenhouse gas emissions starting in 2026, including from business travel.
