Solid U.S. retail sales boost economic outlook
By Lucia Mutikani
WASHINGTON - U.S. retail sales rose solidly in November, adding to signs of a strengthening economy that could draw the Federal Reserve closer to reducing the pace of monetary stimulus.
The upbeat picture was clouded somewhat by other data on Thursday showing the biggest jump in a year in first-time claims for jobless benefits. Economists, however, largely dismissed that report as skewed by a late Thanksgiving and other factors.
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