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Inflation and Deflation
Consumer spending bounces back in October; income growth holds steady
Consumer spending bounces back in October; income growth holds steady

Consumer spending bounced back last month after a sluggish September and income growth held steady, positive signs heading into the holiday shopping season. Personal consumption expenditures rose 0.2% in October after barely budging the previous month, the Commerce Department said Wednesday. Spending rose less than 0.1% in September, a figure that was revised up from the previous estimate of a 0.2% decline. Incomes grew 0.2% last month, the same as in September, the Commerce Department said, but the growth was slower than in previous months. Economists had forecast spending would rise 0.3% last month and incomes would jump 0.4%. Consumer spending, including mortgage payments,...

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