Consumer spending rebounds despite rising October inflation
Headline from Waterloo-Cedar Falls Courier
WASHINGTON (AP) — U.S. consumer spending rebounded by a solid 1.3% in October despite inflation that over the past year has accelerated faster than it has at any point in
Waterloo-Cedar Falls Courier's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
WASHINGTON (AP) — U.S. consumer spending rebounded by a solid 1.3% in October despite inflation that over the past year has accelerated faster than it has at any point in
WASHINGTON (AP) -- U.S. consumer spending rebounded in October, rising by a a solid 1.3%, but inflation remains elevated, rising over the past year at the
Personal incomes, which provide the fuel for future spending increases, rose 0.5% in October after having fallen 1% in September, a reflection of a drop in government support payments.
Consumer spending rose in October despite a surge of inflation as higher personal incomes helped buffet rising prices, according to data released Wednesday by the Commerce Department.