Tepid eco­nomic data could lead Fed to de­lay rate rise

Baltimore Sun - - ELECTION 2016 - — As­so­ci­ated Press

U.S. fac­tory out­put fell, con­sumers cut back at re­tail­ers and whole­sale prices went nowhere in Au­gust, the lat­est ev­i­dence of a less-than-ro­bust econ­omy. The weak num­bers could give the Fed­eral Re­serve fur­ther rea­son to hold off on rais­ing in­ter­est rates when it meets next week. The Fed re­ported Thurs­day that fac­tory pro­duc­tion fell 0.4 per­cent last month. Over­all in­dus­trial pro­duc­tion — which com­bines man­u­fac­tur­ing, mines and util­i­ties — dropped by an iden­ti­cal amount. The Com­merce De­part­ment said that re­tail sales fell in Au­gust for the first time in five months.

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