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Consumer spending rises in July; inflation muted
Published Fri, Aug 28, 2015 · 09:50 PM
Washington
US consumer spending picked up a bit in July as households bought more automobiles, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year.
The Commerce Department said on Friday consumer spending increased 0.3 per cent after an upwardly revised 0.3 per cent rise in June.
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