WASHINGTON U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that further diminishes expectations of a Federal Reserve interest rate increase next week.
Other data on Thursday showed the labor market continuing to tighten with layoffs remaining very low last week, and underlying producer inflation creeping up in August.
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent13
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase9
16:31 Crowds Pick Up Slightly on Black Friday as Online Sales Surge11
16:20 Cyber Monday becomes next big target for shoppers16