Consumer Spending in U.S. Falls for First Time in Six Months

Consumer spending in the U.S. unexpectedly dropped in July for the first time in six months, a sign households are lagging behind as wages fail to accelerate. Household purchases decreased 0.1 percent after increasing 0.4 percent in June, Commerce Department figures showed today in Washington. N…

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Consumer Spending in U.S. Falls for First Time in Six Months

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