We expect the Fed to raise rates just once this year — likely in December — and to proceed cautiously given the unevenness of the domestic economic recovery, as highlighted
by weak retail sales data released last week, and global growth uncertainties.
Not exact matches
For all the headlines this month of
weak department store
sales and closing stores,
retailers enjoyed a stellar holiday season, buoyed
by higher wages and soaring consumer confidence.
NEW YORK (Reuters)- Upper middle - class shoppers spooked
by a whipsawing stock market and shoppers waiting till the last minute for the best deals could result in the
weakest U.S. holiday
sales season for
retailers since the recession, AlixPartners said.
Gold was pressured
by strength in the dollar (DX from 91.48 — 91.90), which was boosted
by a
weaker euro ($ 1.2139 - $ 1.2072, lower than expected reading on German
Retail Sales), and pound ($ 1.3791 - $ 1.3713, UK Home Secretary Rudd steps down in immigration scandal).
The investment bank slashed its earnings forecasts for
Retail Food Group
by between 50 and 60 per cent after factoring in shrinking
sales from store closures and
weaker margins from increased investment to support struggling franchisees.
Thursday was the only day in which the yield moved significantly as yields tightened
by 5 basis points in reaction to the
weaker than expected
Retail Sales release.
revealed that
retail sales volume in the U.K. expanded
by 0.3 % in October, beating expectations for a slightly
weaker 0.2 % increase.
Filed Under: Investing Tagged With: Consumer Spending, Dg, Dollar General, Dollar General Corp, Dollar General Stock,
Weak Retail Sales Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed
by any of these entities.