As Long as Paychecks Keep Coming, Spending Can Hold up

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As Long as Paychecks Keep Coming, Spending Can Hold up
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Heard on the Street: Unless Americans start getting concerned about the job market, don’t worry too much about them cutting back on their spending

rose 0.9% in April from March. That was a bit more than economists had estimated, and came on top of an upward revision to the March spending figures. Notably, spending continues to outpace inflation—the Commerce Department said that its measure of inflation rose 0.

2% in April from a month earlier.
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