3 digests on economy.
The Federal Reserve left its policy rate unchanged. Markets treated it as expected. The more useful debate is whether housing has cooled enough to count as a soft landing, or merely frozen in place.
· Federal Reserve, The New York Times, Axios
Contract talks at major West Coast ports are stuck on automation and staffing, not on a simple wage number. A short disruption would show up first as delayed goods, then as quieter price increases.
· The Los Angeles Times, Reuters, Journal of Commerce
A late-August heat dome stressed several regional grids without producing a cascading blackout. Household power bills, especially in markets with real-time pricing, did the damage instead.
· U.S. Energy Information Administration, Canary Media, The Wall Street Journal
