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2017-07-16 — wsj.com
Surging optimism in financial markets hasn't translated into a big pickup in economic growth. Stocks hit records Friday and big U.S. banksreported stronger-than-expected earnings. But new government data showed consumers pulled back spending at mid-year even as markets rallied. Households also grew less optimistic about the future and inflation on consumer purchases softened. Here's a summary of the article from Axios:
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