U.S. retail sales, industrial output data buoy economic outlook

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. The upbeat data and a rally on Wall Street could allow the Federal Reserve to raise interest rates later this year. "The Fed will welcome the continued strength in consumer spending and the latest positive jobs report, but it's clearly in zero rush to tighten policy," sai