WASHINGTON U.S. retail sales barely rose in September as cheaper gasoline weighed on service station receipts, but gains in purchases of automobiles and other goods pointed to solid domestic demand that could shield the economy from slowing global growth.
Other data on Wednesday suggested disinflation was reemerging, with producer prices in September posting their biggest decline in eight months. The combination of soft retail sales and weak inflation cast more doubt on whether the Federal Reserve will raise interest rates this year.
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent11
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase8
13:12 Putin Wants to Work With Trump as Equals to Restore Relations11
09:46 UK manufacturing growth cools unexpectedly in November: PMI8