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Weak U.S. sales, inflation data favor Fed action
Reuters – Retail sales fell for a second straight month in May and wholesale prices dropped by the most in three years, raising chances of further action by the Federal Reserve to shore up the flagging recovery. The data on Wednesday added to a raft of other recent signals, including reports on employment and manufacturing, that have pointed to a slowdown in the economic recovery. Read Article
Tags: debt wealth, financial system, North America
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