Falling Gas Prices are Making Consumers Feel a Little Better
Consumers spent less money on gasoline and clothing in July, but still bought furniture.
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Consumers spent less money on gasoline and clothing in July, but still bought furniture.
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WASHINGTON, Aug. 17 (Xinhua) -- U.S. retail sales were flat in July amid lower gas prices, after rising by a revised 0.8 percent in the previous month, the Commerce Department said Wednesday in a report.
"Demand for low-duration tax-exempts has been so strong that short maturity benchmark yields are now lower than the after-tax yields for comparably rated benchmark taxable muni and corporate bonds," said CreditSights strategists Pat Luby and John Ceffalio.
The U.S. services industry picked up in July as new manufacturing orders saw steady increases with 26 consecutive months ...