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LATEST US DATA

Consumer spending points to moderate Q4 growth

Households take advantage of rising incomes to boost savings to highest level in nearly three years
Thursday, November 26, 2015 - 05:50

Washington

US consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter.

The Commerce Department said on Wednesday that consumer