U.S. Retail Sales, Producer Prices Give Cautionary Signs On Economy

[Purveyor]

Source: REUTERS

By Jason Lange
WASHINGTON Wed Oct 15, 2014 5:04pm EDT

(Reuters) - U.S. retail sales declined in September as consumers pulled back on spending for a range of items, a worrisome economic signal that helped fuel a sell-off on Wall Street.

The report on Wednesday, along with data showing a drop in producer prices, led investors to bet the Federal Reserve would delay hiking interest rates until late 2015 at the earliest to keep support for the economy in place.

Retail sales, which account for about one-third of consumer spending, dropped 0.3 percent last month, the Commerce Department said. It was the first decrease since January.

Economists had expected a decline given a slower pace of sales reported by automakers and a fall in gasoline prices that cut into receipts at service stations.

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[cstanleytech]

1. When big business fires their full timers to replace them with poverty wage paid part timers

there is always going to be an impact.
So the companies like Walmart, McDonalds, Subway, Target and Krogers had best pull their heads out of their ass and realize that the people they hire are their customers to and by fucking them over they are going to end up fucking themselves over more in the long term.

[Kelvin Mace]

2. Attention all chickens

Your roost is THIS way...

[quadrature]

3. Ebola season

sales should be expected to decline