American shoppers dialed it back in April after spending at the fastest pace in almost five years.
The Federal Reserve won’t exit any time soon from unprecedented bond-buying under its quantitative- easing stimulus strategy, even as the world’s biggest economy shows signs of recovery, according to Stephen Stanley of Pierpont Securities LLC.
"Pricing power is going to start to gradually improve for companies, but that's going to be a slow process. The economy has improved a lot and taken up a lot of the slack."
- Stephen Stanley on Nov 20, 2014
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