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Check out our brand new video  that provides a tour of Stock Rover, covering the features available in each of Stock Rover’s membership plans. The video begins with the Free plan and then covers each of the three paid plans in turn: Essentials, Premium, and Premium Plus.
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Consumer credit  rose at a seasonally adjusted annual rate of +3.6% in July, for the second consecutive monthly increase after a revised +3.3% increase in June. Revolving credit decreased by -0.4%, but the drop was significantly smaller than either the -30.8% drop in Q2, or the -7.6% drop in Q1. Non-revolving credit grew by +4.8%, slowing from June’s +5.1% rate, with motor vehicle loans in Q2 recovering to a $44.6 billion annual rate, down only -8% from the $48.5 billion rate one year previously.
Wholesale prices  grew +0.3% in August, slowing from a +0.6% rate in July, but were down -0.2% for the year. The increase was led by a +0.5% increase in services, which itself rested on a +1.1% increase in margins for machinery, equipment, parts and supplies wholesaling. Overall wholesale goods prices were up +0.1%, with drops in food (-0.4%) and energy prices (-0.1%), balancing out a +0.3% gain in prices for other goods. Removing trade margins, food and energy prices, core wholesale inflation was up +0.3% for the month and +0.3% for the year.
Consumer prices  were up +0.4% in August, slowing from July’s +0.6% increase and up +1.3% for the year. Gasoline prices rose +2.0%, helping pull energy prices up +0.9, although yearly prices were down for both gasoline (-16.8%) in particular and energy in general (-9.0%). Food prices were up +0.1% for the month and +4.1% for the year, and core prices, which exclude food and energy, were up +0.4% for the month and +1.7% for the year. Prices for new cars were flat in August, and up +0.7% for the year, but used car prices were up +5.4% for the month and +4.0% for the year.
Upcoming Economic Reports:
Wednesday September 16 – Retail Sales
Wednesday September 16 – FOMC Meeting Announcement
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