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Consumer spending, inflation up in July; incomes cool
Published Thu, Aug 30, 2018 · 09:50 PM
New York
US consumer spending extended gains into July and inflation rose to a six-year high, reflecting economic strength that should keep Federal Reserve policy makers on track to keep gradually raising interest rates.
Purchases, which account for about 70 per cent of the economy, rose 0.4 per cent from the prior month for the s…
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