Wednesday, August 15, 2012

Morning Journal-Goldman lowers odds of QEIII


This Week’s Data

The International Council of Shopping Centers reported weekly sales of major retailers down 0.3% versus last week but up 3.6% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales down 0.3% versus the similar timeframe in July but up 1.8% on a year over year basis.

June business inventories rose 0.1% versus expectations of an increase of 0.2%; business sales were unchanged.

Weekly mortgage applications fell 4.5% while purchase applications declined 2.0%.

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