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US consumer spending in November up 0.6%

Separately, producer prices rise 0.3% as services cost more

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


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...

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