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Consumer spending points to moderate Q4 growth
Households take advantage of rising incomes to boost savings to highest level in nearly three years
Add BT as a preferred sourcePublished Wed, Nov 25, 2015 · 09:50 PM
Washington
US consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter.
The Commerce Department said on Wednesday that consumer spending edged up 0.1 per cent after a similar increase in September.
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