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U.S.'s consumer spending rises

U.S.'s consumer spending appreciated more compared to June's expectations, amid the households having purchased goods and services, while the auto sales reached eight-month highs.

U.S.'s inflation muted

The nation's inflation resumes muted, despite the consumer spending progression, the Commerce Department reported.

The Federal Reserve seems to be keeping rates low, as long as the business investment resumes weak and the economic growth for the second quarter remains low.

Furthermore, the U.S.'s consumer spending appreciated for the month of June 0.4%, thus performing a similar gain as in May.

Moreover, auto sales climbed from 16.74 million-unit rhythm in June to 17.88 million-unit yearly rate last month, the Autodata reported.

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Wednesday, 03 Aug, 2016 / 8:11

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/u.s.-s-consumer-spending-rises

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