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Personal spending cools as inflation reaches Fed's goal

Saturday, April 1, 2017 - 05:50

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US consumer purchases rose less than forecast in February even as wage growth improved, according to government data that also showed inflation reached the Federal Reserve's goal for the first time in almost five years.

Washington

US consumer purchases rose less than forecast in February even as wage growth improved, according to government data that also showed inflation reached the Federal Reserve's goal for the first time in almost five years.

The 0.1 per cent advance in consumption followed a

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