World Week Ahead: US consumer in spotlight

Sun, 08 Nov 2015

By Margreet Dietz Nov. 9 (BusinessDesk) - After October’s jobs report firmed expectations that US Federal Reserve policy makers might lift interest rates next month, investors will eye retail sales data to gauge the strength of the mighty American consumer. Last Friday, a Labor Department report showed payrolls climbed a stronger-than-expected 271,000 in October, while the jobless rate slid to 5 percent. Wage growth also picked up. “It raises the probability of a December rate rise, but ultimately good economic growth wi...

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