US consumer spending up modest 0.2 percent in February

Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in coming months reflecting the shutdown of the American economy by the coronavirus. The Commerce Department reported spending edged up 0.2 percent in February, matching the January gain but below the 0.4 percent increase in December. Personal ...

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US consumer spending up modest 0.2 percent in February

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