rose-more

U.S. data point to strong domestic demand, stirring inflation

U.S. retail sales rose more than expected in May as Americans bought automobiles and a range of other goods, even as they paid more for gasoline, suggesting that economic growth was gaining steam despite a sharp slowdown in job creation. Sales at clothing retailers increased 0.8 percent, the largest gain since November.

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U.S. data point to strong domestic demand, stirring inflation