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WHETHER THAT MOMENTUM CAN HOLD UP REMAINS TO BE SEEN. I'LL SEND THINGS BACK OVER TO YOU >> INVESTORS ARE TRACKING THE LATEST ECONOMIC DATA FOR ANY CLUES ABOUT GROWTH AND FUTURE INFLATION. STEVE LIESMAN IS HERE WITH MORE. WHAT'S THE VERDICT HERE? >> WISH I HAD BETTER NEWS FOR YOU, MELISSA A SLEW OF UGLY NUMBERS TODAY, SHOWING A U.S. ECONOMY SLOWING SHARPLY AND POSSIBLY TEETERING NEAR RECESSION THE ONLY UPSIDE WE GOT HERE WAS SLOWING INFLATION. HERE'S THE DATA. RETAIL SALES WERE DOWN 1.1%, MISSING BY A TENTH GAS STATION SALES FELL ALONG WITH LOWER GAS PRICES. BUT YOU ALSO HAD AUTOS, FOOD AND DRINK ESTABLISHMENT, AND DEPARTMENT STORE SALES FALLING AS WELL. LOWER INFLATION, A HALF A POINT DOWN ON THE WHOLESALE PRICE INDEX. MORE THAN EXPECTED TAKEOUT, FOOD ENERGY, AND TRADE, YOU ARE UP 0.1 THE YEAR OVER YEAR, JUST 4.6 THERE AND FALLING. INDUSTRIAL PRODUCTION, THAT WAS REALLY UGLY REPORT, DOWN 7/10 OF A PERCENT WITH A BIG DECLINE IN MANUFACTURING OUTPUT, THAT IS NOTABLE. THE DEC...