good day last weeks news that the presidents of two regional federal reserve banks actively traded in financial markets has prompted the fed to review its rules regarding the financial activities of its officials this review will assist in identifying ways to further tighten those rules and standards a fed spokesperson said adding the central bank will make changes as appropriate and any changes will be added to the reserve bank code of conduct meanwhile government data on thursday showed the us economy proving resilient despite the delta variant with shoppers increasing their spending at retailers and initial jobless claims  a proxy for layoffs  holding near a pandemic low now on to todays news and analysis fed to review financial trading rules for officials the federal reserve is launching a review of its internal rules governing the financial activities of its officials in the wake of news last week that the leaders of the dallas and boston regional fed banks actively traded in financial markets because the trust of the american people is essential for the federal reserve to effectively carry out our important mission chair jerome powell late last week directed board staff to take a fresh and comprehensive look at the ethics rules around permissible financial holdings and activities by senior fed officials a fed spokesperson said thursday americans briskly increased spending at retailers last month while employers have largely resisted the urge to lay off workers the government reported thursday both signs of strong demand in the economy glynns take review of rba is something for postcovid era calls for a thorough review of the reserve bank of australias practices reached fever pitch this week amid suggestions that it is failing in key areas of its policy remit read more energy price crunch pushes investors in europe to bet on inflation recordbreaking energy prices are driving bond investors to bet on a jump in eurozone inflation in the coming months turning the trade blocs narrative of superlow price growth on its head at least temporarily president biden is taking a more public role in the negotiations around democrats roughly 35 trillion social welfare and climate bill touting proposals to increase taxes on highincome households and us companies to finance it china seeks to join pacific trade pact after us forms new alliance china has formally applied to join an 11nation asiapacific trade pact seeking to draw traditional us allies into its economic orbit as competition for alliances heats up between beijing and washington china casts itself as ally to workers in battle with big tech chinas communist state has made a show of supporting the lowestlevel workers in the countrys bareknuckle tech industry an emerging plank in leader xi jinpings campaign to usher in a new era of common prosperity the world bank canceled a prominent report rating the business environment of the worlds countries after an investigation concluded senior bank management pressured staff to alter data affecting the ranking of china and other nations democrats are taking a fresh look at their proposals for reducing carbon emissions in their 35 trillion spending package hoping to win over moderate party members who raised concerns about elements of the plan the justice department contesting a roughly 45 billion settlement that will shield the family who owns oxycontin maker purdue pharma lp from opioid lawsuits is seeking to pause the deal until after federal appeals courts weigh in on it 10 am university of michigan releases preliminary september us consumer sentiment time na us federal reserve begins twoday policy meeting national bank of hungary releases policy statement bank indonesia releases policy statement central bank of nigeria releases policy statement americas spending wave is yet to hit the fact remains that many americans have built up significant savings since the covid19 crisis began thanks both to an initial sharp reduction in their spending and the large amount of income relief justin lahart writes japans exports climbed by double digits for the sixth straight month in august driven by strong demand for steel semiconductorrelated products and auto parts in key overseas markets ministry of finance data showed exports rose 262 from the same period a year earlier easing from julys 37 increase dow jones newswires an unprecedented 61 boxships were waiting to berth at the ports of los angeles and long beach wednesday with waiting times to unload stretching to three weeks according to shipping executives djn eurozone exports rose by 10 in july from june while imports increased 03 both adjusted for seasonal variations the european unions statistics agency said signaling that international goods trading was on a weak footing despite the easing of most coronavirusrelated restrictions djn passengercar registrations in the european union fell 19 on year in august as eu markets showed a weak performance during the summer amid a semiconductor shortage registrations which reflect sales were recorded for 622993 vehicles last month the european automobile manufacturers association said thursday djn