Economic Week in Review: Inflation hurts consumers and retailers alike Friday August 15, 2008

Posted on August 15, 2008. Filed under: -- Economic Week In Review | Tags: |


By Molly Greaves

 

Economic Week in Review: Inflation hurts consumers and retailers alike
———————————————————————-

Despite a drop in energy prices, inflation rose during the month of
July at a much higher rate than analysts had expected. Retail sales
fell as consumers tightened their belts. On a positive note, June’s
trade deficit narrowed for the second month in a row. For the week,
the S&P 500 Index also rose 0.2% to 1,298 (for a year-to-date total
return of –10.4%). The yield of the 10-year U.S. Treasury note
dropped 10 basis points to 3.84% (for a year-to-date decrease of 20
basis points).

To read Vanguard(R) Economic Week in Review in its entirety, go to:
http://www.vanguard.com/visit/econweek081508

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