U.S. consumer spending up a modest 0.6% with inflation high

U.S. CONSUMER SPENDING rose 0.6% in September. AP FILE PHOTO/NAM Y. HUH
WASHINGTON (AP) – American consumers slowed their spending to a gain of just 0.6% in September, a cautionary sign for an economy that remains in the grip of a pandemic and a prolonged bout of high inflation. At the same time, a key inflation barometer that is closely followed by the Federal Reserve surged 4.4%…

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