WRAPUP 1-U.S. retail sales unexpectedly rise in August; weekly jobless claims climb ...Middle East

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. Retail sales rose 0.7% last month, the Commerce Department said on Thursday. Data for July was revised down to show retail sales declining 1.8% instead of 1.1% as previously reported.

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