State Forex Station
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Posts Tagged ‘economy recovery’
U.S. retail sales showed a surprise increase in February as consumers defied extremely poor weather to bring to market. The U.S. Commerce Department said retail sales rose by 0.3% last month, while the forecast had predicted a decline of 0.2%.
The increase, the biggest since November fueled hopes that the economic recovery is gaining momentum and [...]
The US recession is “very likely over”, Ben Bernanke, Federal Reserve chairman, said as data showed the last month’s retail sales rise fastest for 3 years.
Sales rose 2.7%, with the expected boost from the popular “cash for clunkers” car rebate program accompanied by a surprise pick-up in other spending. This raised hopes that US consumers [...]
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