2014-09-12 23:05 [Photo: Xinhua / eyevine / EAST NEWS]
Friday’s session on Wall Street ended with falls, breaking a series of five consecutive weekly increases in the S & amp; P 500 Good data retail sales in the United States has sparked speculation about the possibility of starting the Fed raise interest rates sooner than originally expected.
Analysts are associated declines in the S & amp; P 500 this week ramp speculation about a possible rate hike by the Fed earlier than previously expected. The rationale for such a scenario may be macroeconomic data showing accelerating American economy.
On Friday, in line with expectations published information on retail sales in the United States, which grew strongest in four months. Retail sales growth in the United States in August was 0.6 percent. month to month, while in July was equal to 0.3 per cent. mom, after adjustment. Retail sales, excluding car sales in August rose 0.3 percent. mdm, compared to growth rate of 0.3 percent. mom a month earlier, after adjustment. Analysts had expected retail sales to rise by 0.6 percent. mom, and sales excluding autos to rise 0.3 percent. mdm.
– The consumer is now in good shape. We expect robust economic growth in the third quarter – rated Gus Faucher, ekomomista PNC Financial Services Group Inc.
index level of optimism among American consumers, developed by the University of Michigan, amounted to 84.6 points in September ., compared to 82.5 points. recorded in August – reported on Friday in the preliminary calculation. Analysts had expected the index in September, at the level of 83.3 points.
inventories in the United States rose in July 2014. 0.4 percent. mom, in line with expectations of economists. In June the ratio of unsold goods in the United States also increased by 0.4 percent.
Janet Yellen, the Fed chief in August reiterated a statement that after the program of quantitative easing interest rates in the United States should remain at low levels by
She emphasized, however, that a rate hike could come sooner and be stronger if inflation would begin to grow exponentially, and the labor market more quickly to rebuild. However, if the implementation of the objectives opóźniałaby Fed is accommodative monetary policy could stay for longer.
The Fed’s decision-making meeting will be held on 16-17 September.
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