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US Retail Sales Slowed Slightly in August

The consumer demand that drives most U.S. economic activity slowed a bit in August, which may reduce the chance that the central bank will increase interest rates next week. Retail sales fell three-tenths of a percent last month, according to data published Thursday by the Commerce Department. Analysts said sales of autos, building material and furniture declined. Sales had increased very slightly in July. Consumer spending is one of many issues that U.S. Federal Reserve officials,...

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