
One of the biggest drivers of the U.S. economy posted broad-based gains in January, which could ease fears following earlier indications that overall activity was slowing. However, a separate report on inventories still raises concerns about a bumpy ride.
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The latest numbers about the state of the American economy show activity has slowed in key sectors, including one of the biggest drivers, with retail sales turning in its weakest improvement since 2009.
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Both retail sales and prices at the wholesale level rose the most in months during November, according to two separate economic reports released on Friday. These will join other numbers that will be considered in a few days when the Federal Reserve considers an interest rate hike.
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Action Truck Parts recently moved to a more visual customer experience offering more of a retail approach to parts purchasing.
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While a recent good unemployment report led some to speculate the Federal Reserve will raise interest rates at year-end, new numbers released Friday remind us there's more to the equation.
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Action Truck Parts in Bolingbrook, Ill., is paying attention to its customers and helping them get in and out quickly with the parts they need. It recently moved to a more visual customer experience offering more of a retail approach to parts purchasing. Photos: Denise Rondini
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Retail sales in the U.S. barely moved higher last month -- about half what many analysts were expecting. With wholesale prices falling the most in eight months. there's more speculation on what will happen with interest rates.
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Economic watchers got a mixed bag of reports on Thursday. One showed an easing in part of the manufacturing sector, including a measure of business investment. However, two others were upbeat regarding housing and the upcoming holiday sales season.
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Retail sales in the U.S. posted another gain in August, leaving some wondering if it will be enough to push the Federal Reserve to hike interest rates from near zero for the first time in several years.
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Gains on the retail side of the used truck market were offset by decreases in the auction and wholesale markets.
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