* FDA will review evidence for recommending Covid-19 booster shot
* Economists expect Fed will announce bond taper in November, survey finds
* IMF chief criticized for favoring China as head of World Bank
* China seeks to join trans-Pacific trade pact that US rejected
* Will Putin’s authoritarianism strengthen after Russia’s elections?
* Population of migrants surge temporary camp in Del Rio, Texas
* Invesco in talks to merge with State Street’s asset-management division
* Jobless claims in US picked up last week but remain near pandemic low
* Philly Fed Mfg Index: strong acceleration in business activity in September
* US retail sales rose in August, beating estimates for decrease by wide margin:

The US economic expansion to date remains unusually strong overall, with one stark exception: personal income. In contrast with employment, consumer spending and industrial production — collectively known as the big-four macro indicators — the recovery in consumer income has been abnormally weak in comparison with economic recoveries following the end of recessions since 1970.

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* Political anxiety rising in Washington as debt-ceiling showdown looms
* Biden’s economic legislation at risk of delay as Dems debate
* US, UK and Australia announce new security partnership to counter China
* NY Fed Mfg Index shows sector growth accelerated in September
* US import prices eased for first time in 10 months in August
* Atlanta Fed business inflation expectations steady at elevated pace in Sep
* US poverty rate fell in 2020 via stimulus checks and unemployment benefits
* US industrial output growth slowed in August, partly due to Hurricane Ida:

US consumer inflation eased more than expected in August, hinting that the recent surge in pricing pressure may be cooling. But if this was a sign for commodities prices to ease, the market didn’t get the memo.

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US consumer inflation’s one-year trend eased in August, marking a second month of lesser pricing pressure, the Bureau of Labor Statistics reports. But the pace of inflation remains elevated and a new run of analytics suggest that the pullback from the recent surge will be unfold slowly.

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* North and South Korea test ballistic missiles as tensions spike on peninsula
* California Gov. Gavin Newsom wins recall election
* Most Americans would see tax cuts in Dems’ tax code plans, estimate shows
* Consumer inflation expectations rose again in August, NY Fed survey reports
* China retail sales rose much slower than expected in July
* Eurozone industrial output increased by more than forecast in August
* US small business sentiment remained middling in August vs. recent history
* SEC chairman says rules for cryptocurrency are in development
* US Consumer Price Index rose less than expected in August:

Is the stock market’s trending behavior changing? Are the winning streaks running longer and the corrections becoming shorter?

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* House Democrats propose new tax hikes to pay for $3.5 trillion spending plan
* Hurricane Nicholas makes landfall on the Texas coast
* Delta variant of coronavirus is weighing on economies around the world
* Covid-19 infections more than double in China’s southeastern province of Fujian
* California’s Gov. Newsom is expected to win today’s recall vote
* UK company payrolls surged in August
* Apple issues emergency security update for iPhones to counter spyware threat
* US small-cap stocks continue to lose ground against large-caps:

Nearly every slice of the major asset classes retreated in the trading week through Friday, Sep. 10, based on a set of ETFs. The upside exception: US inflation-indexed Treasuries.

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* House Dems eye taxes on wealthy, corporations to pay for $3.5 trillion budget
* Sen. Manchin, a key swing vote, says he will not vote for $3.5 trillion budget
* Government-shutdown risk is rising threat for Democrats in Washington
* Delta variant drives another Covid-19 outbreak in China
* North Korea reports testing a new long-range missile
* Russia’s military influence in Africa is rising, posing challenge to status quo
* US job growth won’t regain peak until 2030, new gov’t analysis predicts
* US producer inflation accelerated in August, reaching record 8.3% from year ago: