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Budget stalemate has already hurt the economy - Business - Eye on the Economy - msnbc.com
That uncertainty is already starting to show up in the latest round of monthly economic data. Industrial output hit the brakes in June, rising a modest 0.2 percent, according to the Federal Reserve. Retail sales and hiring have slowed sharply. On Friday, a widely watched survey of consumer sentiment showed Americans have turned gloomier than they’ve been since March 2009, when the economy was still contracting.
That uncertainty is already starting to show up in the latest round of monthly economic data. Industrial output hit the brakes in June, rising a modest 0.2 percent, according to the Federal Reserve. Retail sales and hiring have slowed sharply. On Friday, a widely watched survey of consumer sentiment showed Americans have turned gloomier than they’ve been since March 2009, when the economy was still contracting.
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