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Retail sales point to stronger third-quarter consumer spending

Retail Sales

U.S. retail sales rose in September as Americans bought more cars and gasoline, while a gauge of consumer spending pointed to stronger-than-expected economic growth in the third quarter.

 

Inflation outpaces earnings, threatens spending

Inflation

WASHINGTON (Reuters) - Consumer prices rose modestly in March amid signs a spike in gasoline costs was ebbing, but inflation still outpaced workers' earnings and threatened to undermine consumer spending.

 

Consumer spending and incomes both rise in March

Americans earned and spent more in March, but much of the extra money went toward more expensive gasoline.

 

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