While you were sleeping: Solid US retail sales

Tue, 15 Aug 2017

By Margreet Dietz Aug. 16 (BusinessDesk) - A report showing better-than-expected US retail sales underpinned bets the Federal Reserve will hike interest rates at least once more this year, bolstering the greenback. A Commerce Department report showed US retail sales climbed 0.6 percent in July, the largest increase this year and beating economists' expectations. "American shoppers flocked to the malls in July, suggesting consumers are well-positioned to propel the economy forward in the second half of the year,” Sal Guatieri, a senio...

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