While you were sleeping Strong US retail sales

Thu, 12 Dec 2013

By Margreet Dietz Dec. 13 (BusinessDesk) – Wall Street continued its slide even after American retail sales rose more than expected as the data fuelled talk that the US Federal Reserve will soon begin to taper its monthly bond-buying programme. Just days away from the next Federal Open Market Committee meeting on Dec. 17 and 18, US consumers appear more confident than forecast. Retail sales climbed 0.7 percent in November, following a 0.6 percent gain in October, according to Commerce Department data. Last month’s increase was the biggest i...

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