15-07-2016 19:20 via news.yahoo.com

U.S. retail sales, industrial output data suggest strong Q2 GDP growth

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, bolstering views that economic growth picked up in the second quarter. The bullish data and a rally on Wall Street could allow the Federal Reserve to raise interest rates later this year, but much will depend on policymakers' assessment of the impact on the U.S. economy of Britain's June 23 vote to leave the European Union. "In normal times,
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