While you were sleeping: Wall St moves higher on data

Wed, 14 Feb 2018

By Margreet Dietz Feb. 15 (BusinessDesk) - Wall Street climbed as investors assessed the impact of US reports showing stronger-than-expected inflation and an unexpected drop in retail sales on expectations for the pace of Federal Reserve interest rate increases this year. A Labour Department report showed the core consumer price index rose a faster-than-expected 0.3 percent in January, while the year-on-year gain held steady at 1.8 percent. Separately, a Commerce Department report showed a surprise decline in US retail sales, sliding 0.3...

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