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Economy
In reply to the discussion: Weekend Economists Celebrate September 13-15, 2013 [View all]xchrom
(108,903 posts)37. U.S. retail sales, consumer confidence point to soft economy
http://www.reuters.com/article/2013/09/13/us-retail-sales-idUSBRE98C0IA20130913
(Reuters) - U.S. consumer confidence ebbed early this month and retail sales advanced just slightly in August, the latest indications of a lack of momentum in the economy.
The sluggish pace of activity was underscored by another report on Friday showing an energy-led rise in wholesale prices last month, but subdued underlying inflation pressures.
The soft data, however, was unlikely to deter the Federal Reserve from cutting its massive bond-buying program as early as next week, analysts said.
"I don't think that's a red flag for the Fed. Overall the data picture is mixed and supports our view that it will be a light taper," said Thomas Costerg, a U.S. economist at Standard Chartered Bank in New York.
(Reuters) - U.S. consumer confidence ebbed early this month and retail sales advanced just slightly in August, the latest indications of a lack of momentum in the economy.
The sluggish pace of activity was underscored by another report on Friday showing an energy-led rise in wholesale prices last month, but subdued underlying inflation pressures.
The soft data, however, was unlikely to deter the Federal Reserve from cutting its massive bond-buying program as early as next week, analysts said.
"I don't think that's a red flag for the Fed. Overall the data picture is mixed and supports our view that it will be a light taper," said Thomas Costerg, a U.S. economist at Standard Chartered Bank in New York.
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