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U.S. retail sales fizzle out in June

Sales at retailers nationwide fell 0.2% last month to mark the second straight drop and match the biggest decline of the year. Sales also fell 0.1% in May, though fresh revisions show the decline was not as large as originally reported. The disappointing sales figures suggest the U.S. has not rebounded quite as strongly in the spring after tepid growth in the first quarter, perhaps giving the Federal Reserve another reason to reassess how quickly it withdraws stimulus from the U.S. economy.

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