U.S. Retailers, Factories Enjoy Solid June As Fed Weighs Cut
By Reade Pickert and Katia Dmitrieva. —U.S. retail sales and factory output in June exceeded expectations and underscored steady economic growth even as Federal Reserve officials signal they’ re prepared to reduce interest rates. The value of retail purchases rose 0.4% for a second month, more than the 0.2% median projection in a Bloomberg survey of economists,…
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