The first spending decline on a Black Friday weekend since 2009 reinforced projections for a lackluster holiday, increasing chances retailers will extend the deep discounts already hurting their profit margins.
Federal Reserve policy makers have publicly debated whether to maintain their bond-buying pace since well before Janet Yellen was named last month to succeed Chairman Ben S. Bernanke. One voice has been missing: Yellen’s.
The U.S. will need to borrow more as the smallest budget deficit in five years starts to expand amid slowing economic growth and the expiration of short-term budget measures, said Stephen Stanley at Pierpont Securities LLC.
Asian stocks fell this week, with the benchmark measure capping its longest weekly losing streak since June, amid concern the U.S. Federal Reserve may soon decide the economy is strong enough to begin paring stimulus and as investors awaited a meeting of China’s leaders this weekend.