While you were sleeping: Wall St, US dollar rise

Tue, 15 Sep 2015

By Margreet Dietz Sept. 16 (BusinessDesk) - Wall Street and the greenback rose, while US Treasuries declined, after a report showing solid retail sales a day before the Federal Open Market Committee starts a two-day meeting that might conclude with the first rate rise in almost a decade. A Commerce Department report showed US retail sales climbed 0.2 percent in August, after an upwardly revised 0.7 percent increase in July. "Given that the retail sales number was good, there’s still hope in terms of the market pricing that the Fed cou...

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