Wednesday's News Links

[CNBC] Stocks edge higher ahead of pivotal Fed rate decision: Live updates

[Reuters] Oil slips as Saudi Arabia offers more crude via Oman; diesel near record high

[CNBC] The Federal Reserve is expected to hike rates for the first time in three years: Live updates

[Yahoo/Reuters] Warsh's words may matter more than the anticipated Fed rate hike

[AP] Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July

[Reuters] Saudis pound Yemen, Houthis fire at Saudi, as Middle East war spreads

[AP] Saudi Arabia calls attempted attack on Mecca a ‘red line’ as Iran-backed Houthis deny they did it

[AP] Why Yemen’s Houthis have only grown stronger through years of war

[Yahoo/Reuters] US import prices jump in August on strength in capital, consumer goods

[CNBC] Consumers hit by one-two punch of oil and rates from Iran war. The estimated bill is $1,700 per household

[CNBC] Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher

[Yahoo/Bloomberg] Record Diesel Prices Hit at Worst Time in Key Battleground States

[Yahoo/Reuters] AI Debt Boom Heads From Wall Street to Europe Despite Tech Angst

[Yahoo/Bloomberg] EU Proposes Canada Become the Bloc’s First ‘Associate Member’

[Yahoo/Reuters] BOJ set to raise interest rates to 31-year high as inflation risks loom

[AP] Japan records a trade deficit for 4th month as oil imports soar

[Yahoo/Reuters] China's slower loan growth is the new normal, central bank governor says

[Bloomberg] Fed Seen Hiking Rates in Defiance of Trump: Decision-Day Guide

[Bloomberg] What’s Inside the Bond Market’s ‘Toxic Stew’

[Bloomberg] Carry Traders Eye Franc and Krona as Yen’s Funding Appeal Ebbs

[Bloomberg] Mideast Crude Prices Surge as Traders Scour Market for Barrels

[Bloomberg] PBOC Chief Unfazed by Credit Slump as Era of Surging Loans Ends

[Bloomberg] Shrinking Chinese Fuel Inventories Raise Chance of Export Curbs

[NYT] Fed Readies for Momentous Rate Decision

[NYT] Fed Meeting Is a Big Moment for the Bond Market

[NYT] Saudi Pipeline Attack Risks ‘Disastrous’ Loss of Millions of Barrels of Oil

[NYT] The World Economy Is Becoming Wary of the U.S.

[NYT] Pentagon Inspector General Details U.S. Losses and Challenges in Iran War

[WSJ] American Businesses Have No Idea How to Set Prices Right Now

[WSJ] Americans Have Spent $100 Billion More on Fuel During the Iran War

[WSJ] The U.S. Is Burning Through Its Supply of Interceptors to Counter Iran’s Attacks

[WSJ] How a Chinese Hacking Firm Tapped AI to Supercharge Cyber-Spying

[FT] Can the US and China work together on AI risks?

[FT] Iran’s hidden leader stirs unease at home

[FT] The precarious fusion boom

Tuesday Evening Links

[CNBC] Stock futures are little changed ahead of pivotal Fed rate decision: Live updates 

[Yahoo/WSJ] Global Bond Selloff Deepens as 10-Year Yields Hit Multiyear Highs

[AP] Saudi crown prince seeks Egypt’s backing as Houthi attacks rattle Red Sea oil routes

[CNBC] Iran war has cost on average $246 million per day in its first five months, CBO finds

[Reuters] US Senate fails to advance sweeping cryptocurrency bill in blow for industry

[Bloomberg] Iran Blockade Costs Are Draining America’s Global Military Power

[Bloomberg] It Costs a Record $44.8 Million to Ship US Crude Oil to Asia

[Bloomberg] Bitcoin Drops the Most Since June After US Senate Blocks Bill

[WSJ] Iran War’s Price Tag, Pegged at $38 Billion, Is Growing as Much as $3 Billion a Month

Tuesday Afternoon Links

[Reuters] Wall St wobbles as rising oil and Treasury yields stoke investor unease

[CNBC] U.S. crude oil tops $106 as market awaits updates on Saudi pipeline outage

[Reuters] US Treasury chief says rising bond yields due to 'global issues'

[CNBC] Treasury Secretary Bessent defends Trump economic record in contentious hearing

[AP] Carney heads to Europe for high-stakes speech and deeper EU ties as Canada clashes with Trump

[Bloomberg] MBS and Saudi Arabia Face Crisis With Key Oil Pipeline Shut for Weeks

[Bloomberg] Bessent Says He’s Supportive of $5,000 Checks for Americans

[Bloomberg] Carlyle’s Thomas Says AI Financing Echoes Pre-Crisis Mortgages

[Bloomberg] US Household Income Rose in 2025 to Record High as Poverty Fell

[NYT] Rising Fuel Prices Set Off Anger and Protests Around the World

[NYT] Yemen’s Houthi Militants Are Learning to Arm Themselves

[NYT] Chinese Firms Used Binance to Launder Iranian Oil Money, Prosecutors Say

[FT] Iran war has left US with munitions ‘shortfall’, Pentagon watchdog says