U.S. consumers increased their spending by 1.9% last month, according to Commerce Department figures. The July increase marked the third straight monthly gain in consumer spending, the primary driver of the U.S. economy, but represented a slowdown from 5.6% in June and 8.5% in May. Friday’s report from the Commerce Department’s Bureau of Economic Analysis also showed that income rose 0.4% in July…


Consumer Spending Increases More Slowly in July

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