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US retail sales rise in sign of steady consumer spending

U.S. retail sales increased in April, suggesting consumer spending is holding up in the face of economic headwinds including inflation and high borrowing costs. The value of retail purchases rose 0.4% after an upwardly revised 0.7% decrease in March, Commerce Department data showed May 16. Excluding autos and gasoline, sales increased 0.6%. The figures aren’t […]

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