U.S. Consumer Spending Lower Than Expected

A decline in wages contributed to a weaker-than-expected consumer spending total for November. For the month, purchases rose a scant 0.1 percent compared to an earlier forecast of a 0.3 percent increase. “In the absence of a significant pickup in income, we won’t see a big boost in spending,” said Yelena Shulyatyeva, an economist at […]

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