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September 16, 2026

US Retail Sales Surge 1.2% in August, Outpacing Projections

Washington: US retail sales increased more than expected in August, recording their strongest monthly gain in five months, according to Census Bureau data released Wednesday. Advance estimates showed retail and food services sales totaled $773.9 billi…

US Mortgage Rate Hits 6.97% As Treasury Yields Climb

Ankara: The average interest rate on a 30-year mortgage in the US rose to 6.97% last week, marking its highest level since May 2025, according to data released Wednesday. This increase in mortgage rates has coincided with a decline in mortgage applica…