Americans spent less at most retail stores in July and inflation remained tame as high unemployment and weak job growth fueled fears of a slowing economic recovery.
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US retail sales tumbled a second straight time in June, falling more than expected in a sign consumer spending is slowing and draining steam from an economy saddled with high joblessness. Sales decreased 0.5 percent, the Commerce Department said Wednesday. Economists surveyed by Dow Jones Newswires had forecast a 0.3 percent decline. The report was [...]