US consumer spending posts slower growth in July

American consumers boosted spending at a slower pace in July, while their incomes accelerated slightly. Spending grew 0.3 percent in July following a 0.5 percent increase in June, the Commerce Department reported Monday. The slowdown had been expected given an earlier report that retail sales were flat in July. Incomes grew 0.4 percent in July, up ...

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US consumer spending posts slower growth in July

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