Weak US sales weigh on hope for recovery

 
City A.M. Reporter
US RETAIL sales fell for a second straight month in May and wholesale prices dropped by the most in three years, raising chances of further action by the Federal Reserve to shore up the recovery.

Retail sales slipped 0.2 per cent as demand for building materials sagged and declining gasoline prices weighed on receipts at service stations, a Commerce Department report showed.

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