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Retail sales, producer prices fare poorly in October

Weak spending tone unlikely to significantly shift expectations of a Fed rate hike next month

Published Fri, Nov 13, 2015 · 09:50 PM
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Washington

US retail sales rose less than expected in October while producer prices dropped in October for a second straight month.

A surprise decline in automobile purchases hit retail sales, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth.

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