Comments for: U.S. retail sales point to flagging economic momentum

Posted April 12, 2013, at 1:29 p.m.

WASHINGTON — U.S. retail sales contracted in March for the second time in three months and consumer confidence tumbled in April, a sign tax hikes early this year stole momentum from the economy. Sales fell 0.4 percent in March, missing analysts’ expectations for a flat reading, Commerce Department data showed …

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