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US consumer spending rebounded 0.4 percent in March

Americans boosted their spending by 0.4 percent in March, the best showing in three months. Meanwhile, a key gauge of inflation closely watched by the Federal Reserve rose at the fastest pace in more than a year.

Personal incomes advanced a moderate 0.3 percent in March, matching the February gain.

An inflation gauge tied to consumer spending advanced 1.9 percent in March compared to 12 months ago. That was the fastest pace since a similar 12-month gain of 1.9 percent in February 2017.

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