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Spending Report to Detail How Consumers Are Handling Inflation, Rising Interest Rates
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A government report on late-summer consumer spending will show how Americans are coping with high inflation and steeper borrowing costs.
The Commerce Department is due to release August personal-income and spending figures at 8:30 a.m. Eastern time Friday. The report covers spending on goods and services and includes an update on U.S. inflation, which is holding close to the highest level in four decades.
Read more on wsj.comAbout this in other media
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