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The El Paso

US consumers cut retail spending sharply in July

By Bryan Mena, CNN Washington (CNN) — America’s economic engine is losing steam. Retail sales fell 0.6% in July from the prior month, the Commerce Department said Friday, down from June’s 0.2% and well below the 0.1% gain that economists projected in a poll by data firm FactSet. It was the steepe...

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