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.
13:43 Mnuchin on robots taking US jobs: 'It's not even on our radar screen ... 50-100 more years' away15
16:17 Caitlyn Jenner to be interviewed by Diane Sawyer again in ‘20/20’ special16
12:52 Sears reveals 'substantial' doubts about future, shares plunge 11%22
12:34 Sears warns of 'going concern' doubts18