slump

Automobiles are shown for sale at a car dealership in Carlsbad California

U.S. retail sales, factory output slump; third-quarter growth forecast cut

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that further diminishes expectations of a Federal Reserve interest rate increase next week. If the Fed is data dependent, then the next time a(…)