Retail Sales rose .5% in August, .3% exclding higher-priced gasoline.
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Mark Vitner, senior economist at Wells Fargo Securities, said the retail sales number reduces the likelihood of another, "double dip" recession.
"Today’s report is a welcome development that allays concerns about a double-dip recession," he said in a note. ""The U.S. consumer has proven to be remarkably resilient."
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To which one reader commented,
"Retail sales rose in direct proportion to the rise in costs. Food went up 12%. Nothing is going down except for our paychecks."
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