Gains in September Personal Spending

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Personal consumption expenditures rose 1% in September, according to the most recent data release from the Bureau of Economic Analysis. The strong gains were mainly due to higher spending on new motor vehicles and household utilities in September. Adjusted for inflation, personal spending was up by 0.6%, after a 0.1% decline in August. Personal income climbed 0.4% in September, largely… Read More ›

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