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U.S. retail sales surprise to upside in strong boost to economy

WASHINGTON U.S. retail sales unexpectedly increased in August, likely boosted by back-to-school shopping and child tax credit payments from the government, which could temper expectations for a sharp slowdown in economic growth in the third quarter. | Video

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ANALYSIS-Powell, juggling policy and renomination, now faces an ethics blowup

It is perhaps as predictable as it is problematic: Within days of news that two Federal Reserve bank presidents had engaged in controversial stock trades, one of the fiercest critics of the U.S. central bank's financial system oversight demands new ethics rules that would bar such dealings in the future.

FACTBOX-Latest on the worldwide spread of the coronavirus

The United States is developing a "new system for international travel" that will include contact tracing for when it eventually lifts travel restrictions that bar much of the world's population from entering the country, a senior White House official said on Wednesday.

TREASURIES-U.S. yields rise with retail sales

U.S. government bond yields rose on Thursday after a surprisingly strong reading in retail sales lifted some concerns about growth in the world's largest economy. The unexpected rebound in retail sales reported by the Commerce Department, on the back of stronger online purchases, clashes against recent downgrades on estimates for U.S. gross domestic product for the current quarter that have kept downward pressure on yi

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