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Feds: Consumer spending rose in most areas

from The Associated Press via The New York Times

Despite the turmoil that shook the financial markets last month, the Federal Reserve said that its 12 bank regions grew this summer because consumers in many parts of the country spent more. The Fed said five of its regions, Dallas, Kansas City, Minneapolis, San Francisco and St. Louis. reported modest or slight growth in late July and August. The seven other regions described growth as subdued, slow or sluggish. more


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