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  • Americans went shopping with a vengeance in January, retail sales rebounded sharply, rising for the first time in four months, the Commerce Department reported Wednesday.

  • Retail sales surged 5.3% last month.

  • That was nearly five times what economists had forecast.

  • Consumers splurged on sporting goods and hobby related products.

  • That category, as well as e commerce sales, shot up 22% fueling the purchases additional pandemic relief money households got from the government.

  • The nearly $900 billion coronavirus rescue package included $600 checks to mostly low income and some middle income Americans.

  • That package also extended a weekly unemployment subsidy.

  • Expect further sales gains ahead.

  • Households could get additional $1400 checks.

  • That's part of President Joe Biden's $1.9 trillion recovery plan that Congress is now considering.

Americans went shopping with a vengeance in January, retail sales rebounded sharply, rising for the first time in four months, the Commerce Department reported Wednesday.

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