Stock Market Update
16-Sep-26 09:16 ET
Futures point to higher open ahead of FOMC decision
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +31.00. Nasdaq futures vs fair value: +170.00.
Equity futures continue to point to a higher open ahead of this afternoon’s 2:00 p.m. FOMC decision and subsequent press conference with Fed Chair Kevin Warsh.
Total retail sales increased 1.2% month-over-month in August (Briefing.com consensus: 0.9%) following an upwardly revised 0.5% decline (from -0.6%) in July. Excluding autos, retail sales surged 1.4% (Briefing.com consensus: 0.5%) following an upwardly revised 0.2% decline (from -0.3%) in July.
The key takeaway from the report is that it is indicative of ongoing strength in consumer spending on goods. Take gas station sales out of the equation, and retail sales were still up 1.1% month-over-month; core sales, which exclude autos, gasoline, building materials, and food services, jumped 1.4%.
