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Consumer Spending Cools Down as Holiday Season Heats Up

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Consumer spending isn’t the only thing slowing down—sales of clothing and accessories are on a downward trend, too. Though U.S. retail sales rose 4.2 percent year-over year, that growth is markedly slower versus the 5.8 percent gain in the comparable 2018 period. And according to data published by the U.S. Census Bureau, overall sales, including…

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