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Weak U.S. retail sales heighten fears over economy
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JAB
Oct 16, 2019, 12:01:21 PM10/16/19
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Weak U.S. retail sales heighten fears over economy
WASHINGTON (Reuters) - U.S. retail sales fell for the first time in
seven months in September, suggesting that manufacturing-led weakness
could be spreading to the broader economy, keeping the door open for
the Federal Reserve to cut interest rates again later this month.
The signs of a deceleration in consumer spending reported by the
Commerce Department on Wednesday came on the heels of reports this
month showing a moderation in job growth and services sector activity
in September.
The economy is being hamstrung by a 15-month trade war between the
United States and China, which has soured business sentiment, leading
to a decline in capital expenditure and a recession in manufacturing.
https://www.reuters.com/article/us-usa-economy-retail/weak-u-s-retail-sales-cast-gloom-over-economy-idUSKBN1WV1NG
WASHINGTON (Reuters) - U.S. retail sales fell for the first time in
seven months in September, suggesting that manufacturing-led weakness
could be spreading to the broader economy, keeping the door open for
the Federal Reserve to cut interest rates again later this month.
The signs of a deceleration in consumer spending reported by the
Commerce Department on Wednesday came on the heels of reports this
month showing a moderation in job growth and services sector activity
in September.
The economy is being hamstrung by a 15-month trade war between the
United States and China, which has soured business sentiment, leading
to a decline in capital expenditure and a recession in manufacturing.
https://www.reuters.com/article/us-usa-economy-retail/weak-u-s-retail-sales-cast-gloom-over-economy-idUSKBN1WV1NG
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