A gauge of U.S. consumer spending rose in July at its fastest pace in seven months, a sign of quicker economic growth that could strengthen the case for the U.S. Federal Reserve winding down a major ... more 
A gauge of U.S. consumer spending rose in July at its fastest pace in seven months, a sign of quicker economic growth that could strengthen the case for the U.S. Federal Reserve winding down a major economic stimulus program Inventories at U.S. businesses were flat in June and firms outside the auto sector cut back on restocking, which might weigh against estimates for economic growth in the second quarter. Markets were mixed on Wall Street after a report on United States retail sales rose at its fastest pace in seven months. Hopes over the European economy coupled with a bounce-back in Japan's Nikkei stock index shored up markets, despite slightly worse-than-expected U.S. retail sales figures. less 
1 / 27
Wochit
Tue, Aug 13, 2013 11:43 AM EDT