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October retail sales surge 7.1 percent record gain
Washington AP reports October retail sales climbed 7.1 percent led by a 26.4 percent rise in auto sales boosted by zero percent financing and incentives. After September declines, economists say consumer activity helps stave off recession as the Federal Reserve cuts rates ten times this year. The economy contracted 0.4 percent in the third quarter, with many predicting a steeper drop in the current quarter.
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