U.S. consumer spending beat expectations in August; inflation rises - NewsBreak
By Shannon in Business
Updated 3 years ago
WASHINGTON, Oct 1(Reuters) - U.S. consumer spending increased more than expected in August, but a downward revision to July data kept intact expectations that economic growth slowed in the third quarter as a resurgence in COVID-19 infections curbed demand for services. The Commerce Department said on Friday that consumer spending,...