Wall Street traders gearing up for the Federal Reserve decision refrained from making big bets as they awaited clues on the path of rates that will shape the outlook for markets over the next few months.
A solid reading on retail sales did little to move markets in early US trading, with equities holding gains and bonds yields edging mildly higher.
Wall Street parses retail sales.
Source: Bloomberg
The value of retail purchases, not adjusted for inflation, increased 0.6% after a similar gain in July. The control-group sales — which feed into the calculation of goods spending for gross domestic product — climbed 0.7%, indicating …