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Retail sales slump in March, surprising economists

By PAUL JACKSON

Hopes that the U.S. economy might be breaking out of its steep slide were dealt a blow Tuesday morning, as retail sales plunged unexpectedly during March. Weak consumer spending suggests that the nation’s recession is likely to have further to run, and mortgage industry participants should plan accordingly, despite surging refinance volumes as of late. The [...]

Full post as published by Housing Wire on April 14, 2009 (boomark / email).