Commodities
Fed Day: Retail Sales Boost US Stocks Ahead of Central Bank Decision
US equities are starting the Wednesday session modestly higher as a stronger-than-expected retail sales report eased concerns about US consumers and bond yields.
The August retail sales report showed a significant increase, with all but one category rising. This upbeat data has boosted investor sentiment ahead of the Federal Reserve's decision later today.
Oil prices are also softer due to signs that Saudi Arabia is working to maintain its exports, and statements from US Energy Secretary Wright suggesting the East-West pipeline will reopen soon.