15-07-2016 15:19 via news.yahoo.com

U.S. retail sales, consumer prices rise as domestic demand picks up

By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, reinforcing views that economic growth picked up in the second quarter. Other data on Friday showed consumer prices increasing for a fourth straight month in June on rising housing, gasoline and healthcare costs, indicating a steady build-up in inflation. The stream of upbeat data and a rally on Wall Street could allow the Federal Reserve to
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