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Retail sales rise 1.4 percent in July signals brisk consumer demand
Commerce Department data show July retail sales up 1.4 percent led by autos and gasoline with gains across electronics and clothing. Auto sales surged 3.1 percent, gasoline up 2.5 percent, and excluding autos or gasoline, gains remained solid. Analysts split on longer-term momentum as the Fed poised to consider rates.
MENTIONED IN THIS ARTICLE
Commerce Department
Washington
U.S
Joel Naroff
Naroff Economics
Federal Reserve
Stu Hoffman
PNC
Ian Shepherdson
Wall Street
MarketWatch
Treasury
Stephen Stanley
RBS
Greenwich Capital
Michael Englund
Action Economics
Drew Matus
Lehman Bros
The
Fed
Chicago Board of Trade