The Commerce Department said purchases at U.S. retailers declined 0.1% last month. Economists surveyed by MarketWatch expected sales to slip 0.3%. Excluding automobiles, sales rose 0.4% last month, the smallest gain since February. The median forecast was for a 0.5% increase. See Economic Report. The report was "disheartening" in that is showed just how short-lived the tax rebates were, said Stone & McCarthy Research Associates.WP: Really? You mean that $600 didn't make everyone wealthy? Shocking.
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