Retail sales in the U.S.
unexpectedly fell for a third month in June as limited
employment gains took a toll on consumers.
The 0.5 percent drop followed a 0.2 percent decrease in
May, Commerce Department figures showed today in Washington. The
decline exceeded the most pessimistic forecast in a Bloomberg
News survey that called for a median 0.2 percent gain in sales.
Other reports today showed manufacturing in the New York region
picked up this month and U.S. inventories increased in May.
The decline exceeded the most pessimistic forecast? Lovely...And yet QE3 will do what? may I ask.
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