Fickle Financial Headlines Brighten

Published Friday, September 13, 2019 at: 7:00 AM EDT

Retail sales, which drive 70% of U.S. economic growth, rose four-tenths of 1% in August, the U.S. Census Bureau said on Friday morning. Suddenly headlines changed, growing less grim than they've been lately. Friday's retail report quelled growing worries reflected in recent headlines in the financial press about the inversion of the yield curve, the 11-month plunge in manufacturing sector activity, the trade-war with China, and a global economic slowdown hurting the U.S. economy. Friday's report of an increase of 0.4% in total retail sales in August over July was driven by a jump in auto sales.Total retail sales in...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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