producer prices give cautionary signs on economy

retail sales declined in September as consumers pulled back on spending for a range of items, a worrisome economic signal that helped fuel a sell off on Wall Street.

A combine drives Canada Goose sale through a field of Canada Goose Jackets soft red winter wheat during the harvest on a farm in Dixon, Illinois, July 16, canada goose 2013. REUTERS/Jim Young

The report on Wednesday, along with data showing a drop in producer prices, led investors to bet the Federal Reserve would delay uk canada goose hiking interest rates until late 2015 at the earliest to keep support for the economy in place.

Retail sales, buy canada goose jacket which account for about one third of consumer spending, dropped 0.3 percent last month, the Commerce Department said. It was the first Canada Goose Coats On Sale decrease since January.

Economists had expected a decline Canada Goose Outlet given canada goose clearance a slower canada goose black friday sale pace of sales reported by automakers and a fall in gasoline prices that cut into receipts at service stations.

But the breadth of the weakness was surprising. Sales were down 0.2 percent even when stripping out automobiles, gasoline, building materials and food services. Economists polled by Reuters had predicted an increase in this reading, which provides a Canada Goose Parka pretty good gauge of overall consumer spending.

have turned more cautious, buy canada goose jacket cheap said canadian goose jacket Ted Wieseman, an economist at Morgan Stanley in New canada goose coats York, who cut his third quarter economic growth forecast to 3.1 percent from 3.4 percent on the figures. stocks tumbled canada goose clearance sale as much as canada goose store 3 percent during the day, although the Standard more info canada goose outlet https://www.topparka.ca Poor 500 index canada goose uk outlet closed down just 0.8 percent. government canada goose uk shop debt, pushing yields down Canada Goose online sharply, while the dollar fell against the euro and the yen.

INFLATION UNDER WRAPS Sales at clothing retailers dropped 1.2 percent and receipts at sporting goods shops edged down 0.1 percent. Overall sales would have fallen further but the release of Apple iPhone 6 lifted sales cheap Canada Goose at electronics and appliance stores.

A woman shops at The Grove mall in Los Angeles November 26, 2013. REUTERS/Lucy Nicholson

Receipts at auto dealers fell 0.8 percent, as did cheap canada goose uk sales at service stations.

Sounding a less dour note, the Fed said in its so Canada Goose Online called Beige canada goose uk black friday Book that the economy continued to expand at a to moderate pace across much of the nation in recent weeks.

Wage growth, however, remained modest in most areas, even as employers bid up wages in some particular industries, it said.

With wages under uk canada goose outlet wraps, inflation has failed to gain a toehold, and the Fed said businesses reported little if any change in prices over the canada goose coats on sale past several weeks.

While Fed officials have been concerned that inflation has been stuck below their 2 percent target, other signs of strength in the economy had left them optimistic they would finally be able to raise benchmark overnight rates canada goose factory sale from zero by mid 2015.

As recently as Tuesday, San Francisco Fed President John Williams told Reuters the central bank should only delay a rate hike if inflation or wages failed to perk up.

The reports on Wednesday suggested he may be kept waiting a bit longer. inflation pressure (is) in the pipeline, economists at RBS said in a note to clients.