Consumer Spending Slows

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U.S. consumer spending rose 0.6 percent in April, down from a big 0.9 percent jump in March, but inflation eased a bit, the Commerce Department said on Friday. Income rose 0.7 percent.


Analysts on Wall Street had expected a larger 0.8 percent advance in spending after an initially reported 0.6 percent March gain. The increase in income matched forecasts


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