Softer Economic Data Increases Questions for the Fed
- Retail sales rose a disappointing 0.1 percent in September while August’s sales figures were revised downward. Excluding automobiles, sales fell 0.3 percent for the month suggesting that consumer spending likely ended the third quarter on a softer note.
- Consumer and producer prices continued to show month-over-month declines while core consumer prices showed some signs of stabilizing in September as manufacturing activity continued to decelerate.
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Tags: economy, finance