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November retail sales surpass expectations
Increase points to sustained strength in the economy that could pave way for further interest rate hikes next year
Add BT as a preferred sourcePublished Thu, Dec 14, 2017 · 09:50 PM
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 also bolstered by other data on Thursday that showed the number of Americans filing for unemployment benefits dropping to near a 44½-year low last week.
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