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Retail sales soften after stock market correction
Consumers pull back but spenders remain, with September sales rising 0.3 percent to 224.9 billion. Auto sales up 0.9 percent, excluding autos room for cautious mood as weather, Georges impact, and gas prices shape activity. Economists foresee a soft Christmas season and possible further rate cuts.
MENTIONED IN THIS ARTICLE
Washington
General Motors
Lion
Commerce Department
William Cheney
John Hancock
Boston
Cheney
Wall Street
Federal Reserve
Ira Silver
J.C. Penney
Plano
Fed