U.S. retail sales, factory output slump; third-quarter growth forecast cut

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U.S. retail sales, factory output slump; third-quarter growth forecast cut

U.S. retail sales, factory output slump; third-quarter growth forecast cut
WASHINGTON (Reuters) - U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that further diminishes expectations of a Federal Reserve interest rate increase next week.

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