Today’s Issue Cluster: Oil
US – Jul: Consumer Spending Posts Slower Growth; +0.3% from +0.5% / AP / WSJ
US – Jul: Core PCE inflation remains tame; +1.6% from +1.6% / R
Fed – ‘Has not inspired faith in its policy framework’ ft *
Fed – Yellen tries to convince market that a rate rise is coming WSJ / FT / B *
Fed – Yellen Sides With Camp Professing Faith in Price Forecasts B *
Fed – Yellen Imagines Tinkering With Inflation Target B *
US – Rising sales mean millennials could get on the ladder FT *
US – Suburbs Trying to Attract Millennials Diverge on Development Patterns WSJ *
Ship – LNG for China Arrives Via Panama Canal WSJ
Ship – Oil tankers’ need for retrofit delays use of new Panama Canal R
Oil – Market: Pessimists Exit as Opec Talk Spurs Bets Glut Easing B *
Oil – Market: Industry dynamics spur optimism FT *
Oil – Market: Land Buyers Stampede Into TX WSJ *
Oil – Majors: Industry Shifts From Survival to Growth B *
Oil – Majors: Largest Companies’ Debts Hit Record High WSJ *
Oil – Iran: Production Stalls Ahead of Opec Talks WSJ *
Oil – China: Decline in Production Echoes Globally WSJ *
Oil – China: Chases Blue Skies for G-20 Summit B *
Oil – China: Giants Unmoved by Bull Rally After Worst-Ever Earnings B *
Oil – China: Giants Seen Soothing Investors With Post-Crash Payouts B *
Oil – Shale: $50 Level Tests Band Theory WSJ *
Oil – Shale: Cost reductions help industry pass first real test FT *
Oil – Prices: Which Countries Are Damaged Most by Low Prices? vc *
Oil – Refiners: High-Price Ethanol Credits Add to Woes NYT *
Oil – Refiners: China’s exports less worrisome than costly crude r *
Every Men’s Water Polo Olympic Gold Medallist Since 2000 Has Been Born Within This Circle bm *