Market 09/16: Retail Report Blows Past All Forecasts

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Key highlights:

• US-China reach agreement on TikTok

• Miran confirmed by Senate

• August retail sales up for 11 consecutive months

• August import and export prices continue to rise slightly

• August industrial production improves

• FED raises Q3 GDP forecast to 3.4%

• 20-year $13B bond auction successful

• Market: New high every day right before FOMC