Holiday sales seen slowest pace in 5 yrs
NEW YORK (Reuters) – Holiday sales are expected to rise at their slowest pace in five years as the weak housing market and a credit crunch temper consumer spending, the National Retail Federation said on Thursday.
BEIJING/WASHINGTON (Reuters) – A more flexible yuan would not hold back China’s growth or cause deflation but would help Beijing rebalance its economy towards domestic consumption, a top U.S. Treasury official said on Thursday.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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