13-11-2015 19:21 via news.yahoo.com

Weak retail sales suggest moderate fourth-quarter economic growth

By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth. "The weak reports will provide some cause for caution at the Fed, and while they are unlikely to change the prevailing bias for a December 'liftoff,' they could add to the case for a shallower tightening path thereafter," said Mi
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