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Consumer incomes and spending surge in October

  • Writer: AIM Team
    AIM Team
  • Nov 30, 2018
  • 1 min read

Americans in October matched their biggest increase in spending this year just as the holiday shopping season kicked off.

According to the government, consumer spending jumped 0.6% last month. Incomes rose 0.5%.

Inflationary pressures, meanwhile, did not move the needle. The 12-month rate of inflation was flat at 2%, as measured by the Federal Reserve’s preferred PCE gauge.

 
 
 

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