On the latest edition of market Week in Review, Chief Investment Strategist Erik Ristuben and Head of AIS business Solutions Sophie Antal Gilbert discussed newly-released economic data, recent remarks by Federal Reserve (Fed) Bank of New York President John Williams and the ongoing rally in gold.
U.S. retail sales rise, while industrial production stalls
U.S. economic data released the week of July 15 was mixed, Ristuben said, with strong June retail sales offset by a flatness in industrial production and a tumble in building permits. "Even with really low interest rates, U.S. housing permits fell