The Traderszone Network

Published in TZ Latest News 24 April, 2015 by The TZ Newswire Staff

Weak U.S. business spending data hints at sluggish growth rebound

U.S. business investment spending plans fell for a seventh straight month in March, weighed down by a strong dollar and lower energy prices, suggesting the economy was struggling to rebound from a recent soft patch. The report from the Commerce Department on Friday came on the heels of lukewarm data on retail sales, employment and housing starts that have hinted at insufficient growth momentum that could prompt the Federal Reserve to delay raising interest rates until later this year.

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