US spending rises

US consumer spending and incomes rose in January as a decline in consumer prices picked up speed. US Commerce Department data released Monday showed consumer spending, which drives about 70 per cent of the economy’s activity, rose 0.3 per cent in January, rebounding from a slight 0.1 per cent dip in December, according to data adjusted for price changes. Without the price adjustments, spending fell 0.2 per cent. Personal income rose 0.3 per cent for the second month in a row. However in Ja

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