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Reply #37


Response to Demeter (Original post)

Sun Sep 15, 2013, 08:07 AM

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.

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