U.S. factory, consumer confidence data darken second-quarter outlook

U.S. industrial production fell for a fifth straight month in April due in part to a further decline in oil and gas drilling, painting a lackluster picture of economic growth in the second quarter. Coming on the heels of weak retail sales and producer inflation data this week, Friday's reports suggest the Federal Reserve will probably not raise interest rates anytime soon. These are not the numbers that would inspire confidence in the Fed to tighten policy," said Millan Mulraine, deput