August 15, 2013
In this Friday, July 12, 2013, file photo, shoppers peruse the aisles at a Wal-Mart in Bristol, Pa. Americans increased their spending at an annual rate of just 1.8 percent in the April-June quarter, down from a 2.3 percent rate in the January-March period. Consumer spending is expected to improve in the second half of the year. But most economists foresee only a slight acceleration to an annual rate of 2 percent to 2.5 percent.
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Bleaker outlooks at retailers like Wal-Mart and Macy’s are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.
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