Rate rises crimp consumer sales
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Rate rises have cut demand for consumer services such as beauty treatments and holidays, a CBI survey suggests.
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U.S. durable goods orders rose, with  key components gaining strongly, and single-family homes sales  soared in September, reinforcing views the Federal Reserve will  raise interest rates further this year.
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Prices paid by US consumers rose for a fourth straight month in November, supporting forecasts that Federal Reserve policy makers will keep raising interest rates.
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The rate of inflation rose in August for the fourth successive month as this year&#39;s series of interest rate rises drove up the cost of buying a house.
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Consumer prices rose 0.2 percent in November following a 0.6 percent gain in October, according to data released Friday by the US Department of Labor&#39;s Bureau of Labor Statistics.
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The U.S. growth outlook got a boost  on Monday with the release of stronger-than-expected retail  sales data that helped cement views the Federal Reserve will  raise interest rates again this week.
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Consumer prices rose the most in more than two years in November as energy costs surged and a host of other prices marched higher, damping prospects of further interest-rate cuts from the Federal Reserve.
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U.S. retail sales rose 0.1 percent  in November, the Commerce Department said on Monday in a  stronger-than-expected report that cemented views the Federal  Reserve will raise interest rates again this week.
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US consumer prices rose by 0.2% last month, a US government report showed this afternoon, but the core inflation rate rose at its fastest pace in five months.
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The High Street perked up in September,   but consumer confidence is falling as a result of higher interest rates and concerns over the housing market,  figures reveal.
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Housing data showed that sales surged in April by the largest jump in 14 years, dampening hopes of an interest rate cut to stimulate the economy.
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Shoppers faced moderate price rises in December but that capped a year in which prices soared at the sharpest rate in 17 years, pressuring households also dealing with a steep housing downturn and tighter credit.
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U.S. retail sales jumped sharply in  November as shoppers went on a spending spree that will  reinforce the Federal Reserve's view that the cooling housing  market has not hurt the rest of the economy.
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New applications for U.S. home  mortgages rose last week as lower interest rates spurred  purchases, an industry group said on Wednesday.
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Surging energy costs drove up U.S.  consumer prices a hefty and larger-than-expected 0.6 percent  last month, while industrial output grew strongly after  rebounding from hurricanes and housing starts leapt, government  reports showed on Wednesday.
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Interest rates on US 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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US mortgage applications climbed 12 percent last week as the lowest mortgage rates in four months prompted consumers to buy homes and refinance loans.