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LATEST US DATA

Consumer spending stalls in March for second month

Analysts expect spending to bounce back with rising income growth and a steady job market
Tuesday, May 2, 2017 - 05:50

Washington

US consumer spending stalled in March while inflation slowed to below the Federal Reserve's target, showing the biggest part of the economy might take more time to gain momentum after a tepid start to the year.

Purchases were little changed in both March and February

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