Ticker: Consumer spending up a modest 0.6%; Ports eye fines for backlogged cargo - NewsBreak
By Hardik in Business
Updated 3 years ago
American consumers slowed their spending to a gain of just 0.6% in September, a cautionary sign for an economy that remains in the grip of a pandemic and a prolonged bout of high inflation. At the same time, a key inflation barometer closely followed by the Federal Reserve, surged...