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US retail sales slump unexpectedly and sharply after a summer tax-refund boost fades AP NewsFrustrated US consumers cut their retail spending last month CNNMidday Need to Know: Retail sales drop, Ackman shakes up portfolio & more (SPY:NYSEARCA) Seeking AlphaUS retail sales weakest in over a year, consumer sentiment plunges Yahoo FinanceUS Retail Sales Fall by the Most in More Than a Year Bloomberg.com
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New sales numbers from the Census Bureau suggest consumers may finally be losing patience with persistent inflation.
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The combined average U.S. sales tax rate rose for the first time in four years to a 10-year high of 10.1881%, according to a new report.
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The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation
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