Strong auto purchases buoy U.S. retail sales; inflation stirring

Strong auto purchases buoy U.S. retail sales; inflation stirring
 

U.S. retail sales rebounded in September amid a surge in motor vehicle purchases and a rise in discretionary spending, pointing to sustained domestic demand that reinforces expectations of an interest rate increase from the Federal Reserve in December.
Other data on Friday suggested a pickup in inflation, with producer prices rising broadly last month to record their biggest year-on-year increase since December 2014. The reports were the latest indication that the economy regained momentum in the third quarter after a lacklustre first-half performance.
The Commerce Department said retail... read more

 
14 October 2016 in Business, Views: 31
Source: Reuters
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