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Consumer spending rose in September despite inflation eating wage gains

Por: The Hill Politics October 28, 2022

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Consumer spending rose in September even as stubborn inflation wiped out wage gains, according to data released Friday by the Bureau of Economic Analysis (BEA). Personal consumption expenditures (PCE), a measure of what households spend on goods and services, rose 0.6 percent in September and 0.3 percent when adjusting for inflation, according to the BEA, the same rates of growth as in August.  But Fed officials are deliberately aiming to... + full article



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