US Retail Sales Growth Slows in September; Energy Prices Boost Producer Inflation
U.S. retail sales increased less than expected in September, suggesting consumer fatigue amid higher prices, though the moderation was not enough to dampen economists' expectations for solid economic growth in the third quarter.
The sales slowdown reported by the Commerce Department on Tuesday followed a long stretch of gains and marked a weak handoff to the fourth quarter. Economists said a sluggish labor market, characterized by an unemployment rate at a four-year high, was making consumers more selective about purchases...
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