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U.S. Retail Sales Increasing

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U.S. Retail Sales Increasing

2019-09-13 11:02:45

U.S. retail sales increased more than expected in August, pointing to solid consumer spending. Reuters reports that analysts project the increase should continue to support a moderate pace of economic growth. The report from the Commerce Department on Friday could further allay financial market concerns of a recession. Concerns have been fueled by a year-long trade war between the United States and China as well as slowing global growth. Still, the Federal Reserve is expected to drop interest rates again next Wednesday to ease some of the impact from the trade war.

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