US consumer spending slowed in January while incomes jumped

Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose. The Commerce Department said Friday that consumer spending increased 0.2% last month, down from 0.4% in December and the smallest gain since October. Incomes, however, rose 0.6%, the biggest rise ...

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US consumer spending slowed in January while incomes jumped

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