While you were sleeping US consumer spends big

Tue, 14 Jan 2014

By Margreet Dietz Jan. 15 (BusinessDesk) – Wall Street climbed, while US Treasuries fell, as the all-mighty American consumer showed she is confident enough in the outlook to spend more money than anticipated, bolstering expectations the world’s biggest economy is gathering steam. US retail sales excluding automobiles, gasoline, building materials and food services, climbed 0.7 percent in December, following a 0.2 percent advance in November, according to Commerce Department data. The better-than-expected retail sales data, which came hot o...

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