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LATEST US DATA

Consumer spending flat, inflation pressures muted

Tuesday, June 2, 2015 - 05:50
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Households have cut back on purchases of cars and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter.

Washington

US consumer spending was unexpectedly flat in April as households cut back on purchases of cars and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter.

The Commerce Department report on Monday also showed no

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