Consumer Spending, August | featured news

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Consumers lift spending to pay for pricier gasoline

U.S. consumer spending rose in August as households stretched to pay for higher gasoline prices and factory activity in the Midwest contracted this month for the first time in three years, pointing to lackluster economic growth.

 

U.S. Consumer Spending Jumps; Jobless Claims Up

Propelled by the auto rebate program, consumer spending rose sharply in August, but personal incomes lagged.

 

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