U.S. consumer spending rose in Dec., saving rate dipped

CONSUMER SPENDING continued to rise in December. / BLOOMBERG
U.S. CONSUMER SPENDING continued to rise in December. / BLOOMBERG
NEW YORK - U.S. consumer spending rose at a solid pace in December after an upwardly revised advance a month earlier as shoppers splurged during the holiday season. While incomes also rose, the saving rate fell to a fresh 12-year low. Purchases, which account for about 70 percent of the economy, climbed 0.4 percent after…

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