Data Dashes Dreams of More Easy Money
The Fed won't be doling out cash after this week's upbeat economic data, though it did stop short of saying everything was rosy, according to Morningstar's Bob Johnson.
The best news of the week came early with both the monthly retail sales report and the weekly International Council of Shopping Centers data showing important signs of improvement. The weekly report revealed an increase in the growth rate following three straight weeks of shrinking growth rates that were beginning to worry even me. Given that U.S. consumer spending is the key driver of the world economy right now, I was relieved by the step-up.
Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.