While you were sleeping: US retail sales stall

Wed, 13 Aug 2014

By Margreet Dietz Aug. 14 (BusinessDesk) - US stocks and bonds gained after weaker-than-expected retail sales data suggested the Federal Reserve might hold off raising interest rates. American retail sales were flat in July, following a 0.2 percent gain in June, according to Commerce Department data. It was the worst performance since January, showing the US consumer is lacking confidence and that US policy makers might keep rates at record lows for longer. "It will provide Fed Chair Janet Yellen with some of the rationale she needs to...

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