Child Groomer, Sexual Predator
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More Morning in America 2024:
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Summary
Retail sales increase 0.6% in August
Core retail sales rise 0.1%; July sales lowered
Weekly jobless claims climb 3,000 to 220,000
Producer prices jump 0.7%; up 1.6% year-on-year
U.S. retail sales increased more than expected in August as a surge in gasoline prices boosted receipts at service stations, but the trend in underlying spending on goods slowed as Americans grappled with high inflation.
The report from the Commerce Department on Thursday also showed spending on goods in July was not as robust as initially thought. The data, however, did not change expectations for solid growth in overall consumer spending this quarter amid evidence of splurging on services like concerts, movies and sporting events, despite worries about inflation.
It was unlikely to have an impact on near-term monetary policy, with the Federal Reserve expected to keep interest rates unchanged next Wednesday.
"The economy is in a good place for now with moderate consumer demand that is not hot enough to bring inflation back to life," said Christopher Rupkey, chief economist at FWDBONDS in New York.
https://stocks.apple.com/A90q4ZiePSHGvQeCez0vURg
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A year from now, and we will be buying Hunter a new laptop.