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US consumers' near-term inflation expectations hit two-year low; sentiment rises
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US consumers' near-term inflation expectations hit two-year low; sentiment rises
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U.S. retail sales unexpectedly rose in May as consumers stepped up purchases of motor vehicles and building materials, which could help to stave off a dreaded recession in the near term. While other data on Thursday showed first-time applications for state unemployment benefits holding steady last week at more than a 1-1/2-year high, indicating layoffs could be rising, economists continued to view the labor market as tight. Minnesota recently changed policy to make non-instructional educational
HEAD IN THE SAND: Biden's Labor Statistics claims job growth is strong despite economic indicators pointing to coming financial meltdown
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