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52%  
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  • big misses across all data: retail sales, producer prices, empire fed all whiff

    10/15/2014 5:55:26 AM PDT · by blam · 51 replies
    BI ^ | 10-15-2014 | Myles Udland
    Myles Udland October 15, 2014We just got a slew of bad economic data. Retail sales in September fell more than expected, producer prices unexpectedly fell, and the New York Fed's Empire manufacturing report came in way below expectations. Following these reports, the US dollar is falling against the Japanese yen, tumbling back below 107, while US stock futures are sharply lower. Dow futures are down 145 points, S&P 500 futures are down 22 points, and Nasdaq futures are down 38 points. Retail sales in September fell 0.3%, and fell 0.2% excluding autos. Expectations were for sales to show a decline...