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Consumer Spending Tapered Off Ahead of the Holidays
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The U.S. economy showed fresh signs of slowing late this year as consumer spending and business demand softened and inflation eased.
Personal spending increased 0.1% in November from the prior month, the Commerce Department said Friday, marking a pullback from a robust 0.9% increase in October. Households boosted spending on services last month while cutting spending on goods, including autos. When adjusted for inflation, consumer spending was flat.
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Consumer Spending Tapered Off Ahead of the Holidays wsj.com /1 year ago
Consumer Spending Tapered Off Ahead of the Holidays wsj.com /1 year ago
Consumer Spending Tapered Off Ahead of the Holidays wsj.com /1 year ago
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