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LATEST US DATA

November retail sales surpass expectations

Increase points to sustained strength in the economy that could pave way for further interest rate hikes next year

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Retail sales accelerated 5.8 per cent on an annual basis. Economists polled by Reuters had forecast retail sales increasing only 0.3 per cent in November.

Washington

US retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy that could pave the way for further Federal Reserve interest rate hikes next year.

The economic outlook was...

sentifi.com

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