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Solid U.S. retail sales calm some worries about economy

Solid U.S. retail sales calm some worries about economy

WASHINGTON (Reuters) - U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth. The report from the Commerce Department on Friday could further allay financial market concerns of a recession, which have been fueled by a year-long trade war between

Solid U.S. retail sales ease economic growth concerns

Solid U.S. retail sales ease economic growth concerns

WASHINGTON (Reuters) - U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth. The report from the Commerce Department on Friday could further allay financial market concerns of a recession, which have been fueled by a year-long trade war between

U.S. retail sales increase solidly in boost to economy

U.S. retail sales increase solidly in boost to economy

WASHINGTON (Reuters) - U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth. The report from the Commerce Department on Friday could further allay financial market concerns of a recession, which have been fueled by a year-long trade war between

U.S. core inflation firming, but Fed still seen cutting rates

U.S. core inflation firming, but Fed still seen cutting rates

WASHINGTON (Reuters) - U.S. underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy. Other data on Thursday showed the number of Americans filing applications for unemployment

U.S. core inflation firms in August; weekly jobless claims fall

U.S. core inflation firms in August; weekly jobless claims fall

WASHINGTON (Reuters) - U.S. underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy. Other data on Thursday showed the number of Americans filing applications for unemployment

U.S. producer prices rise; Fed rate cut still expected

U.S. producer prices rise; Fed rate cut still expected

WASHINGTON (Reuters) - U.S. producer prices unexpectedly rose in August, but the overall trend in producer inflation remains tame, cementing financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy. The Trump administration’s year-long trade war with China, which has sapped business

U.S. producer prices rise; Fed still seen cutting interest rates

U.S. producer prices rise; Fed still seen cutting interest rates

WASHINGTON (Reuters) - U.S. producer prices unexpectedly rose in August and underlying producer inflation rebounded, but the data on Wednesday did not change financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy. The Trump administration’s year-long trade war with China, which has

U.S. producer prices unexpectedly rise; Fed rate cut still expected

U.S. producer prices unexpectedly rise; Fed rate cut still expected

WASHINGTON (Reuters) - U.S. producer prices unexpectedly rose in August and underlying producer inflation rebounded, but the data on Wednesday did not change financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy. Fed Chair Jerome Powell reiterated last week that the U.S. central