Daily Market Updates: U.S. Consumer Spending Cools in September as Inflation Bites

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U.S. Consumer Spending Cools in September as Inflation Bites

Reported · Written up by our desk · Major Pairs

Personal income rose by a modest 0.2% month-over-month (m/m) in September, slightly below market expectations for a 0.3% gain. After adjusting for inflation, taxes, and transfers, real disposable personal income declined by 0.3%, following a flat reading in August. Consumer spending rose by 0.5% m/m in nominal terms, roughly in line with expectations. However, higher […] The post U.S. Consumer Spending Cools in September as Inflation Bites appeared first on ActionForex .

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Action ForexU.S. Consumer Spending Cools in September as Inflation Bites

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U.S. Consumer Spending Cools in September as Inflation Bites

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