The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Bonds & Fixed Income Investments


Subject:  Consumer spending 'voracious' Date:  4/13/2004  12:31 PM
Author:  ayduda Number:  9914 of 36490

More good news about the US economy:

WASHINGTON - Cash-flush consumers kept shopping counters humming last month, catapulting sales at America's retailers to the highest level in a year.

The Commerce Department reported today that retail sales rose by 1.8 percent in March from the previous month - a much stronger performance than economists were forecasting.

Expect to see an increase in the fed funds rate and some increase in short term rates over the next few months.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us