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U.S. consumer spending recovers slightly in January

U.S. retail sales rebounded a bit in January, rising a better-than-expected 0.2%, following the biggest plunge in consumer spending in a decade in December.

What to watch: Revised data shows December's retail sales numbers were worse than initially reported: The Commerce Department said sales fell 1.6% versus the first estimate of -1.2%. The weaker picture for consumer spending may push 2018 fourth-quarter GDP growth lower when revisions are released in the coming weeks.