U.S. consumer spending misses forecasts as prices ease

AMERICAN CONSUMER SPENDING in January rose 0.1 percent from the prior month after a downwardly revised 0.6 percent drop, according to the Commerce Department. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
AMERICAN CONSUMER SPENDING in January rose 0.1 percent from the prior month after a downwardly revised 0.6 percent drop, according to the Commerce Department. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
NEW YORK - United States consumer spending in January was short of projections while inflation eased, an early read on the economy in the first quarter that may add to concerns about the outlook. Purchases, which account for about 70 percent of the economy, rose 0.1 percent from the prior month after a downwardly revised…

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