World Week Ahead: Eyes on US retail sales

Sun, 09 Aug 2015

By Margreet Dietz Aug. 10 (BusinessDesk) - A key focus this week is the US retail sales report on Thursday because it is seen as a crucial indicator for the US Federal Reserve as to whether the American consumer could weather an interest rate increase. A Labor Department report on Friday preserved bets the Fed will lift rates this year, possibly as early as September, even as the data fell short of expectations. US employers added 215,000 jobs in July while the unemployment rate held at 5.3 percent. June’s increase was upwardly revised t...

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