US consumer spending in November up 0.6%
Separately, producer prices rise 0.3% as services cost more
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 services cost more, but the underlying trend continued to point to weak inflation pressures.
Retail sales excluding vehicles, pe…
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