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U.S. consumer spending rises strongly in June; inflation increases

95.5 FM WIFC
 2021-07-30

Cover picture for the articleWASHINGTON (Reuters) – U.S. consumer spending rose more than expected in June as vaccinations against COVID-19 boosted demand for travel-related services and recreation, but part of the increase reflected higher prices, with annual inflation accelerating further above the Federal Reserve’s 2% target. Consumer spending, which accounts for more than two-thirds...

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