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Consumers boost spending in April, signaling the economy isn't about to stall

from The Associated Press via Los Angeles Times

Americans boosted their spending by 0.6 percent in April, the biggest increase in five months, while a gauge of inflation remained at the Federal Reserve's optimal level for a second straight month. The Commerce Department said that last month's increase in consumer spending was the largest since a 0.7 percent rise last November. more


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