Retail Sales Unexpectedly Rebound in January

Retail Sales Unexpectedly Rebound in January

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smmoney.JPGA glimmer of hope for a recession-hit economy: U.S. retail sales jumped 1 percent in January, reversing a six-month decline and defying economists’ expectations by posting the biggest increase in 14 months.

Analyst Andy Wolf, with BB&T Capitol Markets said on CNBC, “We’ve seen stabilization here. It’s not getting any worse. It is a significant thing to say.” (Read details from AP via MSNBC)

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