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  Economy on Track as Retail Sales Jump   
   
A surprisingly big climb in U.S. retail sales in September and a larger-than-expected gain in underlying producer prices bolstered hopes for an economic revival and views the Federal Reserve will keep raising interest rates.

A Commerce Department report on Friday showed U.S. retail sales rose by 1.5 percent in September, propelled by the sharpest jump in auto sales in nearly three years.

Wall Street had expected a 0.7 percent gain, following a revised 0.2 percent fall in August that was initially reported as a 0.3 percent decline.

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Date Listed: 2004-10-19

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