Consumer spending flattens out after U.S. inflation surge
Summary
Consumer spending experienced a sharp increase during September, driven primarily by households paying higher prices for gas and transportation. Despite this spike, broader spending has largely flattened out following a recent surge in overall inflation.
Consumer spending rose sharply in September, but it largely reflected households spending more on gas and transportation after an increase in energy costs.
Source: Read the full story at MarketWatch.com - Top Stories
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