World Week Ahead: Yellen, US retail sales

Sun, 09 Nov 2014

By Margreet Dietz Nov. 10 (BusinessDesk) - Remarks by Federal Reserve Chair Janet Yellen on Thursday, followed by the latest monthly report on US retail sales will draw the focus of the week as Wall Street continues to set fresh record highs. On Friday, Wall Street was buoyed by a Labor Department report showing the US economy added 214,000 jobs in October, while the unemployment rate dropped to 5.8 percent, the lowest level in six years as more people began looking for work. While the number of jobs added fell short of expectations,...

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