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U.S. government debt extended an earlier rally on Thursday after a decline in January retail sales helped soothe inflation worries.
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Data released on Thursday showed that retail sales for January fell by 0.8%, or more than expected, for the biggest drop in 10 months. Economists polled by The Wall Street Journal had been expecting a 0.2% decline.The report was helping to soothe fears that inflation might reignite. Those concerns had been triggered by Tuesday’s stronger-than-expected…
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