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US Economy Shows Signs of Momentum in 4th Quarter

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shoppers in Fredricksburg, VARetail sales were up .5 percent in October outpacing forecasters. Consumer spending was up, spurred by producer prices that fell in October, especially for gasoline and food.

The manufacturing sector in the Northeast also picked up, for the first time in five months.

“The economy seems to be in solid shape,” said Alex Hoder, an economist at FTN Financial in New York.

 

(READ the report from Reuters)

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