You are here

latest us data |

US consumer spending in November up 0.6%

Separately, producer prices rise 0.3% as services cost more
Saturday, December 12, 2015 - 05:50

BT_20151212_USDATA12_2020130.jpg
CONSUMER DRIVEN: Solid domestic demand supports expectations that the Fed will raise its benchmark overnight interest rate next Wednesday.

Washington

A GAUGE of US consumer spending rose solidly in November, suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week for the first time in nearly a decade.

Other data on Friday showed producer prices increased last month as

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom